Jefferies Group LLC Reaffirms “Buy” Rating for Weibo Corporation (WB)
Jefferies Group LLC restated their buy rating on shares of Weibo Corporation (NASDAQ:WB) in a report issued on Thursday morning. Jefferies Group LLC currently has a $82.00 target price on the information services provider’s stock.
Several other research firms have also recently commented on WB. BidaskClub upgraded shares of Weibo Corporation from a buy rating to a strong-buy rating in a research report on Sunday, July 16th. TheStreet upgraded shares of Weibo Corporation from a c rating to a b- rating in a research report on Monday, April 17th. Barclays PLC restated an overweight rating and issued a $85.00 target price (up previously from $66.00) on shares of Weibo Corporation in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Weibo Corporation from a hold rating to a strong-buy rating and set a $91.00 target price for the company in a research report on Saturday, May 20th. Finally, Benchmark Co. started coverage on shares of Weibo Corporation in a research report on Tuesday, April 18th. They issued a buy rating and a $65.00 target price for the company. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $66.95.
Weibo Corporation (NASDAQ:WB) opened at 76.35 on Thursday. Weibo Corporation has a 12-month low of $31.25 and a 12-month high of $82.28.
Weibo Corporation (NASDAQ:WB) last released its quarterly earnings data on Tuesday, May 16th. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $199.20 million for the quarter, compared to analyst estimates of $188.29 million. Weibo Corporation had a net margin of 20.10% and a return on equity of 20.00%. Weibo Corporation’s quarterly revenue was up 67.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, equities analysts predict that Weibo Corporation will post $1.51 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Jefferies Group LLC Reaffirms “Buy” Rating for Weibo Corporation (WB)” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/jefferies-group-llc-reaffirms-buy-rating-for-weibo-corporation-wb/1463935.html.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Manhattan Co. bought a new position in Weibo Corporation during the second quarter valued at about $741,000. Essex Investment Management Co. LLC bought a new position in Weibo Corporation during the second quarter valued at about $289,000. World Asset Management Inc boosted its position in Weibo Corporation by 10.6% in the second quarter. World Asset Management Inc now owns 6,870 shares of the information services provider’s stock valued at $457,000 after buying an additional 661 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Weibo Corporation by 213.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 33,332 shares of the information services provider’s stock valued at $2,216,000 after buying an additional 22,710 shares during the period. Finally, Lockheed Martin Investment Management Co. bought a new position in Weibo Corporation during the second quarter valued at about $757,000. Institutional investors and hedge funds own 16.75% of the company’s stock.
Weibo Corporation Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
Receive News & Ratings for Weibo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.