Krane Funds Advisors LLC Acquires 934,898 Shares of Weibo Corporation $WB

Krane Funds Advisors LLC raised its holdings in Weibo Corporation (NASDAQ:WB) by 25.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,676,063 shares of the information services provider’s stock after buying an additional 934,898 shares during the period. Weibo comprises approximately 1.6% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Krane Funds Advisors LLC owned approximately 1.91% of Weibo worth $57,983,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its holdings in shares of Weibo by 537.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 132,645 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 111,821 shares during the last quarter. Hsbc Holdings PLC boosted its position in Weibo by 151.7% during the second quarter. Hsbc Holdings PLC now owns 180,011 shares of the information services provider’s stock worth $1,715,000 after purchasing an additional 108,506 shares during the period. American Century Companies Inc. boosted its position in Weibo by 48.7% during the second quarter. American Century Companies Inc. now owns 588,845 shares of the information services provider’s stock worth $5,612,000 after purchasing an additional 192,955 shares during the period. Virtus Advisers LLC acquired a new position in shares of Weibo in the second quarter valued at $1,388,000. Finally, ARGA Investment Management LP bought a new position in shares of Weibo in the third quarter valued at about $647,000. 68.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weibo in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Weibo has an average rating of “Moderate Buy” and an average price target of $14.00.

Weibo Stock Up 0.8%

Shares of WB opened at $10.27 on Tuesday. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.48. Weibo Corporation has a 12 month low of $7.10 and a 12 month high of $12.96. The firm’s 50 day moving average is $10.42 and its 200-day moving average is $10.91. The stock has a market capitalization of $2.51 billion, a PE ratio of 5.84, a P/E/G ratio of 5.46 and a beta of 0.15.

About Weibo

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.