Weibo Co. (NASDAQ:WB) Receives Consensus Recommendation of “Hold” from Analysts

Weibo Co. (NASDAQ:WB) has received an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.23.

WB has been the topic of several research analyst reports. 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. Benchmark reiterated a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its stake in shares of Weibo by 204.5% during the second quarter. Acadian Asset Management LLC now owns 2,433,509 shares of the information services provider’s stock worth $18,678,000 after purchasing an additional 1,634,230 shares in the last quarter. Krane Funds Advisors LLC boosted its holdings in Weibo by 17.4% in the 2nd quarter. Krane Funds Advisors LLC now owns 3,803,752 shares of the information services provider’s stock worth $29,213,000 after acquiring an additional 564,068 shares during the period. Canada Pension Plan Investment Board grew its position in Weibo by 64.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,309,385 shares of the information services provider’s stock valued at $10,056,000 after acquiring an additional 511,248 shares in the last quarter. Polunin Capital Partners Ltd purchased a new stake in shares of Weibo during the third quarter valued at approximately $5,064,000. Finally, Citigroup Inc. lifted its position in shares of Weibo by 347.3% during the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock worth $6,077,000 after purchasing an additional 468,072 shares in the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Stock Performance

NASDAQ WB opened at $9.26 on Friday. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $9.43 and its two-hundred day moving average is $8.70. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 6.34 and a beta of 0.27. Weibo has a 12-month low of $7.03 and a 12-month high of $12.40.

About Weibo

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.