23,937 Shares in Weibo Co. (NASDAQ:WB) Acquired by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Weibo Co. (NASDAQ:WB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,937 shares of the information services provider’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after buying an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Weibo in the fourth quarter valued at approximately $70,000. DGS Capital Management LLC grew its holdings in Weibo by 89.0% in the third quarter. DGS Capital Management LLC now owns 61,910 shares of the information services provider’s stock worth $624,000 after purchasing an additional 29,155 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Weibo by 16.5% during the third quarter. Franklin Resources Inc. now owns 27,464 shares of the information services provider’s stock worth $266,000 after purchasing an additional 3,884 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Weibo by 78.1% during the 3rd quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider’s stock valued at $2,252,000 after purchasing an additional 98,017 shares during the last quarter. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on WB shares. Benchmark restated a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Weibo presently has a consensus rating of “Hold” and an average price target of $10.28.

Weibo Stock Performance

Shares of WB opened at $10.74 on Friday. The stock has a 50-day moving average of $9.74 and a two-hundred day moving average of $8.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The stock has a market cap of $2.61 billion, a P/E ratio of 7.36 and a beta of 0.26. Weibo Co. has a one year low of $7.03 and a one year high of $12.40.

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.