Caxton Associates LLP Acquires Shares of 120,255 Weibo Corporation $WB

Caxton Associates LLP acquired a new stake in shares of Weibo Corporation (NASDAQ:WB) in the first quarter, HoldingsChannel.com reports. The firm acquired 120,255 shares of the information services provider’s stock, valued at approximately $1,139,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of Weibo during the first quarter valued at $117,000. Hhlr Advisors LTD. bought a new position in shares of Weibo during the first quarter valued at $947,000. Resolute Advisors LLC bought a new position in shares of Weibo in the first quarter valued at about $208,000. Quantbot Technologies LP bought a new position in shares of Weibo in the first quarter valued at about $656,000. Finally, Wellington Management Group LLP raised its holdings in shares of Weibo by 1.7% in the first quarter. Wellington Management Group LLP now owns 1,066,763 shares of the information services provider’s stock valued at $10,102,000 after buying an additional 18,241 shares during the last quarter. 68.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WB has been the subject of a number of research analyst reports. Wall Street Zen cut Weibo from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Citigroup lifted their price target on Weibo from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Weibo currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Weibo Stock Performance

Shares of NASDAQ:WB opened at $12.27 on Wednesday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 8.58 and a beta of 0.08. Weibo Corporation has a 1-year low of $7.09 and a 1-year high of $12.40. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $10.52 and a two-hundred day moving average price of $9.67.

Weibo (NASDAQ:WB) last announced its quarterly earnings data on Thursday, August 14th. The information services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $438.84 million. Weibo had a return on equity of 12.65% and a net margin of 21.10%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. Equities analysts predict that Weibo Corporation will post 1.62 earnings per share for the current 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.