Weibo (NASDAQ:WB) Given Hold Rating at Benchmark

Weibo (NASDAQ:WB)‘s stock had its “hold” rating reaffirmed by stock analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports.

Several other equities analysts also recently weighed in on the stock. Citigroup increased their price target on shares of Weibo from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Nomura Securities upgraded shares of Weibo to a “hold” rating in a research report on Monday, August 26th. Morgan Stanley lowered their price target on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Finally, StockNews.com lowered Weibo from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.23.

Weibo Trading Up 6.3 %

NASDAQ:WB opened at $9.05 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $9.00 and a 200-day simple moving average of $8.52. Weibo has a 12 month low of $7.03 and a 12 month high of $12.47. The company has a market capitalization of $2.12 billion, a P/E ratio of 7.07 and a beta of 0.24.

Weibo (NASDAQ:WB) last issued its quarterly earnings results on Thursday, August 22nd. The information services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Weibo had a return on equity of 11.01% and a net margin of 18.52%. The company had revenue of $437.90 million during the quarter, compared to analysts’ expectations of $437.97 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Weibo will post 1.48 earnings per share for the current year.

Institutional Trading of Weibo

Several institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Weibo by 17.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock valued at $134,000 after buying an additional 1,970 shares in the last quarter. State Street Corp lifted its holdings in Weibo by 0.7% during the third quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock valued at $9,392,000 after purchasing an additional 6,369 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Weibo by 22.8% in the third quarter. Quadrature Capital Ltd now owns 40,464 shares of the information services provider’s stock valued at $408,000 after purchasing an additional 7,508 shares during the period. SG Americas Securities LLC grew its position in shares of Weibo by 21.5% in the second quarter. SG Americas Securities LLC now owns 51,661 shares of the information services provider’s stock valued at $397,000 after purchasing an additional 9,143 shares during the period. Finally, Deltec Asset Management LLC purchased a new stake in shares of Weibo during the second quarter worth about $82,000. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.