Other equities analysts have also issued reports about the stock. Credit Suisse Group reiterated a buy rating and issued a $72.00 price target on shares of Weibo in a research note on Thursday, February 14th. Barclays reiterated a buy rating and issued a $75.00 price target on shares of Weibo in a research note on Monday, March 11th. Morgan Stanley lowered shares of Weibo from an overweight rating to an equal weight rating in a research note on Tuesday, January 8th. China Renaissance Securities reiterated a hold rating on shares of Weibo in a research note on Wednesday, March 6th. Finally, Citigroup lowered shares of Weibo from a buy rating to a hold rating in a research note on Wednesday, March 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $82.11.
WB stock opened at $71.50 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.99 and a current ratio of 3.92. Weibo has a fifty-two week low of $51.15 and a fifty-two week high of $128.17. The company has a market cap of $15.92 billion, a P/E ratio of 28.37, a PEG ratio of 1.11 and a beta of 2.02.
Weibo (NASDAQ:WB) last announced its quarterly earnings results on Tuesday, March 5th. The information services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The company had revenue of $481.88 million for the quarter, compared to analyst estimates of $481.52 million. Weibo had a net margin of 33.27% and a return on equity of 37.53%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Analysts anticipate that Weibo will post 2.93 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. TB Alternative Assets Ltd. acquired a new stake in shares of Weibo in the first quarter valued at approximately $35,148,000. Genesis Asset Managers LLP boosted its holdings in shares of Weibo by 92.7% in the first quarter. Genesis Asset Managers LLP now owns 3,436,337 shares of the information services provider’s stock valued at $112,540,000 after acquiring an additional 1,652,676 shares during the period. Steinberg Global Asset Management acquired a new stake in shares of Weibo in the first quarter valued at approximately $586,000. Tealwood Asset Management Inc. lifted its holdings in shares of Weibo by 4.6% during the first quarter. Tealwood Asset Management Inc. now owns 40,724 shares of the information services provider’s stock worth $2,524,000 after purchasing an additional 1,794 shares during the period. Finally, Malaga Cove Capital LLC acquired a new stake in shares of Weibo during the first quarter worth $628,000. 24.58% of the stock is owned by institutional investors and hedge funds.
Weibo Company Profile
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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