Handelsbanken Fonder AB Purchases 11,129 Shares of Weibo Co. (NASDAQ:WB)

Handelsbanken Fonder AB raised its position in shares of Weibo Co. (NASDAQ:WB) by 82.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,589 shares of the information services provider’s stock after acquiring an additional 11,129 shares during the period. Handelsbanken Fonder AB’s holdings in Weibo were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Weibo by 60.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider’s stock valued at $2,845,000 after buying an additional 105,780 shares during the last quarter. Citigroup Inc. increased its position in Weibo by 347.3% in the 3rd quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock valued at $6,077,000 after acquiring an additional 468,072 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Weibo by 78.1% in the third quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider’s stock worth $2,252,000 after acquiring an additional 98,017 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Weibo during the fourth quarter worth approximately $229,000. Finally, Barclays PLC increased its holdings in shares of Weibo by 13.8% in the third quarter. Barclays PLC now owns 212,919 shares of the information services provider’s stock valued at $2,146,000 after purchasing an additional 25,750 shares in the last quarter. Institutional investors own 68.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WB. Benchmark reaffirmed a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.28.

Weibo Trading Down 1.5 %

Shares of NASDAQ WB opened at $9.86 on Tuesday. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The firm has a market capitalization of $2.39 billion, a P/E ratio of 6.75 and a beta of 0.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The company’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.30.

Weibo Profile

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.