Blue Trust Inc. Has $27,000 Stock Holdings in Weibo Co. (NASDAQ:WB)

Blue Trust Inc. grew its position in shares of Weibo Co. (NASDAQ:WB) by 155.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,700 shares of the information services provider’s stock after buying an additional 1,642 shares during the quarter. Blue Trust Inc.’s holdings in Weibo were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of Weibo by 347.3% in the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock valued at $6,077,000 after buying an additional 468,072 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Weibo during the 3rd quarter worth $3,696,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 worth $2,845,000 after purchasing an additional 105,780 shares during the period. Geode Capital Management LLC raised its stake in Weibo by 78.1% in the third quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider’s stock valued at $2,252,000 after purchasing an additional 98,017 shares in the last quarter. Finally, Polunin Capital Partners Ltd lifted its position in Weibo by 14.6% during the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider’s stock worth $5,600,000 after purchasing an additional 73,412 shares during the period. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Performance

Shares of WB stock opened at $10.53 on Friday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 7.21 and a beta of 0.26. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $9.98 and its 200-day moving average price is $9.26. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40.

Wall Street Analyst Weigh In

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

Weibo Company 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.