Weibo (NASDAQ:WB) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Weibo (NASDAQ:WB – Get Rating) in a report released on Thursday. The firm issued a buy rating on the information services provider’s stock.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. initiated coverage on Weibo in a research note on Monday, January 30th. They issued a neutral rating for the company. The Goldman Sachs Group upgraded Weibo from a neutral rating to a buy rating and set a $25.00 price target for the company in a research note on Sunday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $30.86.

Weibo Trading Down 0.1 %

Shares of WB stock opened at $16.47 on Thursday. Weibo has a 52-week low of $10.02 and a 52-week high of $28.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.33 and a current ratio of 3.73. The firm has a market capitalization of $3.90 billion, a PE ratio of 45.75, a PEG ratio of 0.74 and a beta of 0.52. The stock has a fifty day simple moving average of $20.89 and a two-hundred day simple moving average of $17.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Desjardins Global Asset Management Inc. grew its position in shares of Weibo by 4.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 10,907 shares of the information services provider’s stock valued at $208,000 after purchasing an additional 460 shares in the last quarter. Toroso Investments LLC lifted its holdings in shares of Weibo by 2.9% in the 1st quarter. Toroso Investments LLC now owns 19,319 shares of the information services provider’s stock valued at $474,000 after acquiring an additional 546 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Weibo by 88.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 651 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Weibo by 82.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,497 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 677 shares during the last quarter. Finally, Twinbeech Capital LP lifted its holdings in shares of Weibo by 2.7% in the 3rd quarter. Twinbeech Capital LP now owns 27,295 shares of the information services provider’s stock valued at $467,000 after acquiring an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 27.46% of the company’s stock.

About Weibo

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Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.