Weibo (WB) Lowered to “Buy” at BidaskClub
BidaskClub downgraded shares of Weibo (NASDAQ:WB) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.
Several other research analysts have also commented on WB. Barclays lifted their price target on shares of Weibo to $135.00 and gave the company an overweight rating in a report on Wednesday, January 10th. Zacks Investment Research lowered shares of Weibo from a buy rating to a hold rating in a report on Saturday, February 24th. JPMorgan Chase & Co. lifted their price target on shares of Weibo from $135.00 to $140.00 and gave the company an overweight rating in a report on Thursday, February 15th. Benchmark lifted their price target on shares of Weibo from $110.00 to $148.00 and gave the company a buy rating in a report on Wednesday, February 14th. Finally, ValuEngine lowered shares of Weibo from a hold rating to a sell rating in a report on Friday, December 1st. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $117.41.
Weibo (WB) opened at $130.55 on Thursday. Weibo has a fifty-two week low of $47.36 and a fifty-two week high of $142.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.22 and a quick ratio of 2.23. The company has a market cap of $28,879.88, a PE ratio of 83.15 and a beta of 2.57.
A number of institutional investors have recently bought and sold shares of WB. Teachers Advisors LLC boosted its stake in Weibo by 20.2% during the 2nd quarter. Teachers Advisors LLC now owns 15,267 shares of the information services provider’s stock valued at $1,015,000 after purchasing an additional 2,567 shares during the period. FMR LLC boosted its stake in Weibo by 31.7% during the 2nd quarter. FMR LLC now owns 13,135 shares of the information services provider’s stock valued at $873,000 after purchasing an additional 3,165 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Weibo by 69.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 36,210 shares of the information services provider’s stock worth $2,407,000 after buying an additional 14,892 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Weibo during the 2nd quarter worth about $2,963,000. Finally, Voya Investment Management LLC bought a new stake in shares of Weibo during the 2nd quarter worth about $307,000. 22.27% of the stock is owned by hedge funds and other institutional investors.
Weibo 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.
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