Weibo Corporation $WB Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Weibo Corporation (NASDAQ:WB) by 99.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,801 shares of the information services provider’s stock after buying an additional 522,400 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Weibo were worth $12,968,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Krane Funds Advisors LLC grew its stake in shares of Weibo by 25.0% in the third quarter. Krane Funds Advisors LLC now owns 4,676,063 shares of the information services provider’s stock worth $57,983,000 after purchasing an additional 934,898 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Weibo by 497.1% during the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock valued at $6,865,000 after purchasing an additional 599,700 shares in the last quarter. First Trust Advisors LP acquired a new stake in Weibo in the third quarter worth about $4,194,000. Marshall Wace LLP acquired a new stake in Weibo in the second quarter worth about $2,502,000. Finally, Prudential Financial Inc. grew its position in Weibo by 72.3% in the 2nd quarter. Prudential Financial Inc. now owns 484,800 shares of the information services provider’s stock valued at $4,620,000 after buying an additional 203,500 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Stock Performance

Shares of Weibo stock opened at $9.54 on Monday. The stock has a market cap of $2.33 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of 5.11 and a beta of 0.13. The business has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $10.86. The company has a quick ratio of 3.35, a current 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.

Wall Street Analyst Weigh In

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

Weibo Company Profile

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.