Aigen Investment Management LP Makes New Investment in Weibo Co. (NASDAQ:WB)

Aigen Investment Management LP acquired a new position in shares of Weibo Co. (NASDAQ:WB) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,529 shares of the information services provider’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WB. Two Sigma Advisers LP lifted its holdings in Weibo by 1.7% during the 3rd quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider’s stock worth $11,623,000 after purchasing an additional 19,200 shares during the last quarter. State Street Corp increased its position in Weibo by 0.7% during the 3rd quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock worth $9,392,000 after buying an additional 6,369 shares during the period. Citigroup Inc. lifted its holdings in shares of Weibo by 347.3% during the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock worth $6,077,000 after buying an additional 468,072 shares in the last quarter. Polunin Capital Partners Ltd boosted its position in shares of Weibo by 14.6% in the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider’s stock valued at $5,600,000 after acquiring an additional 73,412 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Weibo in the third quarter valued at about $3,696,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on WB shares. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reiterated a “hold” rating on shares of Weibo in a research report 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.28.

Weibo Trading Up 0.9 %

Shares of Weibo stock opened at $10.92 on Monday. The firm’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $9.39. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 7.48 and a beta of 0.27. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40.

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.