Analysts Set Weibo Co. (NASDAQ:WB) Target Price at $10.28

Weibo Co. (NASDAQ:WB) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.28.

Several equities research analysts have issued reports on the stock. Benchmark reissued a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com raised shares of Weibo from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

Institutional Trading of Weibo

A number of large investors have recently bought and sold shares of WB. Blue Trust Inc. boosted its holdings in shares of Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,642 shares during the last quarter. Shell Asset Management Co. bought a new position in Weibo during the 4th quarter worth $54,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo in the fourth quarter worth $70,000. PARUS FINANCE UK Ltd bought a new position in shares of Weibo in the fourth quarter worth $99,000. Finally, Creative Planning bought a new position in shares of Weibo in the third quarter worth $112,000. 68.77% of the stock is owned by institutional investors.

Weibo Trading Up 2.1 %

Shares of Weibo stock opened at $10.82 on Monday. The firm has a market capitalization of $2.63 billion, a PE ratio of 7.41 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 fifty day moving average price is $9.96 and its two-hundred day moving average price is $9.25. Weibo has a 52-week low of $7.03 and a 52-week high of $12.40.

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.