Morgan Stanley lowered shares of Weibo (NASDAQ:WB) from an overweight rating to an equal weight rating in a report released on Tuesday, MarketBeat Ratings reports.

WB has been the subject of several other reports. BidaskClub cut shares of Weibo from a sell rating to a strong sell rating in a research note on Tuesday, November 13th. Barclays set a $90.00 target price on shares of Weibo and gave the stock a buy rating in a report on Thursday, October 18th. Zacks Investment Research lowered shares of Weibo from a hold rating to a sell rating in a report on Wednesday, October 31st. Jefferies Financial Group set a $83.00 price objective on shares of Weibo and gave the company a buy rating in a report on Thursday, November 29th. Finally, Benchmark lowered their target price on shares of Weibo from $148.00 to $100.00 and set a buy rating for the company in a research note on Monday, November 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Weibo presently has a consensus rating of Hold and a consensus target price of $90.86.

Shares of NASDAQ:WB traded down $2.80 during trading hours on Tuesday, hitting $56.79. The company’s stock had a trading volume of 23,671 shares, compared to its average volume of 1,942,033. Weibo has a 52 week low of $53.11 and a 52 week high of $142.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.99 and a current ratio of 3.99. The firm has a market cap of $13.50 billion, a P/E ratio of 36.51, a P/E/G ratio of 0.70 and a beta of 2.20.

Weibo (NASDAQ:WB) last issued its quarterly earnings data on Wednesday, November 28th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $460.20 million for the quarter, compared to the consensus estimate of $459.68 million. Weibo had a net margin of 33.23% and a return on equity of 38.71%. The company’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, research analysts predict that Weibo will post 2.5 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in WB. Schwab Charles Investment Management Inc. boosted its holdings in Weibo by 52.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,503 shares of the information services provider’s stock worth $3,596,000 after acquiring an additional 13,954 shares during the period. Janus Henderson Group PLC grew its stake in Weibo by 57.5% during the 2nd quarter. Janus Henderson Group PLC now owns 17,800 shares of the information services provider’s stock worth $1,580,000 after buying an additional 6,500 shares during the last quarter. Legal & General Group Plc grew its stake in Weibo by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 204,666 shares of the information services provider’s stock worth $18,166,000 after buying an additional 14,150 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Weibo by 20.5% in the second quarter. Dimensional Fund Advisors LP now owns 107,509 shares of the information services provider’s stock worth $9,541,000 after purchasing an additional 18,297 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Weibo by 8.8% in the second quarter. Great West Life Assurance Co. Can now owns 24,672 shares of the information services provider’s stock worth $2,190,000 after purchasing an additional 2,000 shares in the last quarter. 23.44% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for Weibo (NASDAQ:WB)

Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.