AIA International Ltd bought a new position in Weibo Corp (NASDAQ:WB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the information services provider’s stock, valued at approximately $3,048,000. Weibo makes up about 0.9% of AIA International Ltd’s holdings, making the stock its 7th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of WB. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Weibo by 2.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 137,954 shares of the information services provider’s stock valued at $12,245,000 after buying an additional 2,927 shares during the last quarter. First Trust Advisors LP boosted its position in Weibo by 70.0% in the 2nd quarter. First Trust Advisors LP now owns 196,229 shares of the information services provider’s stock valued at $17,417,000 after buying an additional 80,822 shares during the last quarter. Victory Capital Management Inc. boosted its position in Weibo by 16.4% in the 2nd quarter. Victory Capital Management Inc. now owns 56,369 shares of the information services provider’s stock valued at $5,003,000 after buying an additional 7,946 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new position in Weibo in the 2nd quarter valued at about $763,000. Finally, Sei Investments Co. boosted its position in Weibo by 360.8% in the 2nd quarter. Sei Investments Co. now owns 154,680 shares of the information services provider’s stock valued at $13,729,000 after buying an additional 121,114 shares during the last quarter. 23.64% of the stock is owned by institutional investors and hedge funds.

WB opened at $65.09 on Thursday. The stock has a market cap of $14.09 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 0.95 and a beta of 2.42. Weibo Corp has a fifty-two week low of $53.11 and a fifty-two week high of $142.12. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.56.

Weibo (NASDAQ:WB) last posted its earnings results on Wednesday, November 28th. The information services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. Weibo had a net margin of 33.23% and a return on equity of 38.71%. The firm had revenue of $460.20 million during the quarter, compared to analysts’ expectations of $459.68 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Weibo’s quarterly revenue was up 43.8% on a year-over-year basis. Sell-side analysts predict that Weibo Corp will post 2.49 earnings per share for the current fiscal year.

WB has been the subject of a number of analyst reports. ValuEngine raised shares of Weibo from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays set a $80.00 price objective on shares of Weibo and gave the company a “buy” rating in a research report on Thursday, November 29th. BidaskClub raised shares of Weibo from a “strong sell” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Weibo in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $118.00 target price on the stock. Finally, Jefferies Financial Group cut their target price on shares of Weibo to $90.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $98.57.

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Weibo 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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Institutional Ownership by Quarter for Weibo (NASDAQ:WB)

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