Weibo Co. (NASDAQ:WB) Given Consensus Recommendation of “Hold” by Analysts

Weibo Co. (NASDAQ:WB) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has 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 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.28.

Several equities research analysts recently weighed in on WB shares. Benchmark restated a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WB. Blue Trust Inc. grew its stake in Weibo by 155.2% during the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Weibo in the fourth quarter valued at approximately $70,000. Creative Planning acquired a new position in Weibo in the 3rd quarter worth approximately $112,000. Connor Clark & Lunn Investment Management Ltd. raised its position in 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 buying an additional 1,970 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in Weibo during the 3rd quarter valued at approximately $194,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Stock Down 0.9 %

Shares of NASDAQ:WB opened at $9.94 on Thursday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 6.81 and a beta of 0.26. The stock’s 50-day moving average price is $9.64 and its 200-day moving average price is $8.86. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. 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.