Weibo (NASDAQ:WB) Releases Earnings Results, Misses Expectations By $0.07 EPS

Weibo (NASDAQ:WB) posted its quarterly earnings data on Wednesday. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07), FiscalAI reports. The firm had revenue of $473.26 million for the quarter, compared to analyst estimates of $444.28 million. Weibo had a return on equity of 11.79% and a net margin of 26.58%.The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share.

Weibo Trading Down 0.2%

Shares of NASDAQ:WB opened at $9.67 on Wednesday. The company’s 50-day moving average price is $10.28 and its two-hundred day moving average price is $10.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.35 and a quick ratio of 3.35. Weibo has a one year low of $7.10 and a one year high of $12.96. The stock has a market capitalization of $2.36 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 5.19 and a beta of 0.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weibo in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Institutional Trading of Weibo

Hedge funds and other institutional investors have recently modified their holdings of the stock. OMERS ADMINISTRATION Corp boosted its position in Weibo by 15.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 52,930 shares of the information services provider’s stock valued at $541,000 after purchasing an additional 6,924 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Weibo during the 4th quarter worth approximately $517,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Weibo by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,428 shares of the information services provider’s stock worth $514,000 after purchasing an additional 1,860 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Weibo by 139.5% during the 2nd quarter. Raymond James Financial Inc. now owns 47,852 shares of the information services provider’s stock worth $456,000 after purchasing an additional 27,868 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Weibo by 121.9% in the 4th quarter. Headlands Technologies LLC now owns 36,048 shares of the information services provider’s stock valued at $368,000 after buying an additional 19,806 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

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.