Polunin Capital Partners Ltd Invests $5.06 Million in Weibo Co. (NASDAQ:WB)

Polunin Capital Partners Ltd bought a new stake in Weibo Co. (NASDAQ:WB) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 502,338 shares of the information services provider’s stock, valued at approximately $5,064,000. Weibo accounts for about 1.2% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Weibo by 65.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,025 shares of the information services provider’s stock worth $1,082,000 after acquiring an additional 46,898 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Weibo in the first quarter valued at approximately $681,000. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Weibo by 4.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 134,393 shares of the information services provider’s stock valued at $1,222,000 after buying an additional 6,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Weibo during the first quarter worth approximately $7,435,000. Finally, Lazard Asset Management LLC increased its stake in Weibo by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 207,646 shares of the information services provider’s stock worth $1,887,000 after acquiring an additional 18,630 shares during the period. Institutional investors own 68.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WB. Morgan Stanley cut their target price on Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Nomura Securities upgraded shares of Weibo to a “hold” rating in a research report on Monday, August 26th. StockNews.com raised shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Citigroup raised their target price on Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.23.

Weibo Trading Up 2.5 %

Shares of WB stock traded up $0.23 during mid-day trading on Friday, reaching $9.27. 1,405,697 shares of the stock traded hands, compared to its average volume of 2,074,210. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.56 and a beta of 0.23. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $8.60 and its two-hundred day simple moving average is $8.46. Weibo Co. has a 1-year low of $7.03 and a 1-year high of $12.65.

Weibo (NASDAQ:WB) last announced its quarterly earnings results on Thursday, August 22nd. The information services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $437.90 million during the quarter, compared to analysts’ expectations of $437.97 million. Weibo had a net margin of 18.52% and a return on equity of 11.01%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. On average, research analysts anticipate that Weibo Co. will post 1.48 EPS for the current fiscal year.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.