Barclays PLC Has $2.15 Million Stock Holdings in Weibo Co. (NASDAQ:WB)

Barclays PLC boosted its stake in shares of Weibo Co. (NASDAQ:WB) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 212,919 shares of the information services provider’s stock after buying an additional 25,750 shares during the period. Barclays PLC owned approximately 0.09% of Weibo worth $2,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seven Eight Capital LP acquired a new stake in Weibo in the second quarter valued at $110,000. Creative Planning acquired a new stake in shares of Weibo in the third quarter valued at approximately $112,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 worth $134,000 after purchasing an additional 1,970 shares in the last quarter. Diversified Trust Co bought a new position in shares of Weibo in the third quarter worth $194,000. Finally, Quantbot Technologies LP bought a new stake in shares of Weibo during the 3rd quarter worth approximately $318,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Stock Down 0.7 %

WB stock opened at $9.84 on Friday. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The stock has a fifty day moving average of $9.37 and a 200-day moving average of $8.64. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.74 and a beta of 0.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

Wall Street Analysts Forecast Growth

Several research firms have commented on WB. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup increased their price objective on Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Benchmark reissued a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.