Creative Planning Takes Position in Weibo Co. (NASDAQ:WB)

Creative Planning acquired a new position in Weibo Co. (NASDAQ:WB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,143 shares of the information services provider’s stock, valued at approximately $112,000.

Other institutional investors also recently bought and sold shares of the company. Deltec Asset Management LLC purchased a new stake in shares of Weibo during the 2nd quarter worth $82,000. Seven Eight Capital LP bought a new stake in shares of Weibo in the 2nd quarter valued at about $110,000. Bayesian Capital Management LP purchased a new position in shares of Weibo in the 1st quarter worth approximately $123,000. Diversified Trust Co bought a new position in shares of Weibo during the 3rd quarter worth approximately $194,000. Finally, Caxton Associates LP lifted its position in Weibo by 55.9% during the second quarter. Caxton Associates LP now owns 50,239 shares of the information services provider’s stock valued at $386,000 after acquiring an additional 18,008 shares during the last quarter. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Trading Down 4.1 %

Shares of Weibo stock opened at $8.27 on Wednesday. The firm has a 50-day simple moving average of $8.92 and a two-hundred day simple moving average of $8.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.34 and a current ratio of 2.34. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.54. The company has a market cap of $1.94 billion, a P/E ratio of 6.46 and a beta of 0.24.

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

Wall Street Analyst Weigh In

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

Weibo 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.