Weibo Corporation $WB Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in Weibo Corporation (NASDAQ:WB) by 46.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,146,201 shares of the information services provider’s stock after selling 987,266 shares during the quarter. Federated Hermes Inc.’s holdings in Weibo were worth $14,213,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WB. Kathmere Capital Management LLC grew its stake in Weibo by 28.9% in the 3rd quarter. Kathmere Capital Management LLC now owns 26,367 shares of the information services provider’s stock valued at $327,000 after acquiring an additional 5,912 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Weibo by 32.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,887 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 6,072 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Weibo in the second quarter valued at about $61,000. Quinn Opportunity Partners LLC increased its stake in shares of Weibo by 1.5% during the second quarter. Quinn Opportunity Partners LLC now owns 692,195 shares of the information services provider’s stock worth $6,597,000 after purchasing an additional 10,000 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Weibo during the 1st quarter worth about $117,000. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Price Performance

WB stock opened at $10.58 on Friday. Weibo Corporation has a 1 year low of $7.10 and a 1 year high of $12.96. The firm has a market capitalization of $2.58 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 5.63 and a beta of 0.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.35 and a quick ratio of 3.35. The business has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $10.90.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Weibo from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weibo in a research note 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, Weibo has an average rating of “Moderate Buy” and an average price target of $14.00.

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.