Weibo Corp (NASDAQ:WB) shares hit a new 52-week low on Wednesday . The stock traded as low as $40.40 and last traded at $40.44, with a volume of 24039 shares traded. The stock had previously closed at $42.89.

Several research analysts have weighed in on WB shares. OTR Global lowered shares of Weibo to a “positive” rating in a research note on Tuesday, February 19th. 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. Credit Suisse Group reaffirmed a “buy” rating and set a $72.00 target price on shares of Weibo in a research note on Thursday, February 14th. BidaskClub lowered shares of Weibo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Barclays reissued a “buy” rating and issued a $75.00 price objective on shares of Weibo in a research note on Monday, March 11th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.06.

The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.44 and a current ratio of 3.44. The company has a market cap of $9.16 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.76 and a beta of 2.33.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, May 23rd. The information services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. Weibo had a net margin of 35.25% and a return on equity of 37.16%. The firm had revenue of $399.18 million for the quarter, compared to analysts’ expectations of $399.65 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Analysts anticipate that Weibo Corp will post 2.57 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in WB. Genesis Asset Managers LLP increased its holdings in shares of Weibo by 92.7% in the 1st quarter. Genesis Asset Managers LLP now owns 3,436,337 shares of the information services provider’s stock valued at $112,540,000 after acquiring an additional 1,652,676 shares during the period. Platinum Investment Management Ltd. increased its holdings in shares of Weibo by 118.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 2,768,481 shares of the information services provider’s stock valued at $171,618,000 after acquiring an additional 1,498,519 shares during the period. DSM Capital Partners LLC increased its holdings in shares of Weibo by 1,996.4% in the 4th quarter. DSM Capital Partners LLC now owns 1,335,749 shares of the information services provider’s stock valued at $78,048,000 after acquiring an additional 1,272,034 shares during the period. Norges Bank acquired a new position in shares of Weibo in the 4th quarter valued at $36,324,000. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Weibo in the 1st quarter valued at $35,148,000. 26.19% of the stock is currently owned by institutional investors and hedge funds.

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About Weibo (NASDAQ:WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in 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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