Malaga Cove Capital LLC purchased a new stake in Weibo Corp (NASDAQ:WB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,130 shares of the information services provider’s stock, valued at approximately $628,000.

Other large investors have also bought and sold shares of the company. WealthTrust Arizona LLC boosted its holdings in Weibo by 56.8% in the fourth quarter. WealthTrust Arizona LLC now owns 472 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 171 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Weibo by 1,328.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 600 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 558 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Weibo in the fourth quarter valued at $44,000. Quantamental Technologies LLC purchased a new stake in Weibo in the fourth quarter valued at $58,000. Finally, Exane Derivatives purchased a new stake in Weibo in the fourth quarter valued at $64,000. 24.57% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Weibo from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. ValuEngine lowered shares of Weibo from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. 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. China Renaissance Securities reissued a “hold” rating on shares of Weibo in a research note on Wednesday, March 6th. Finally, Deutsche Bank lowered shares of Weibo from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $82.11.

Weibo stock traded down $1.89 during midday trading on Thursday, reaching $68.68. The company had a trading volume of 42,147 shares, compared to its average volume of 2,025,934. The firm has a market capitalization of $15.48 billion, a PE ratio of 27.26, a P/E/G ratio of 1.15 and a beta of 2.02. Weibo Corp has a 12-month low of $51.15 and a 12-month high of $128.17. The company has a current ratio of 3.92, a quick ratio of 3.99 and a debt-to-equity ratio of 0.51.

Weibo (NASDAQ:WB) last issued its quarterly earnings results on Tuesday, March 5th. The information services provider reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.05. The firm 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%. Weibo’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. On average, sell-side analysts predict that Weibo Corp will post 2.93 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Weibo (NASDAQ:WB)

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