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

Weibo Co. (NASDAQ:WB) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.28.

A number of research firms have issued reports on WB. Benchmark reiterated a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Hedge Funds Weigh In On Weibo

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings 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 valued at $27,000 after acquiring an additional 1,642 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Weibo in the fourth quarter valued at about $54,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Weibo during the 4th quarter valued at about $70,000. PARUS FINANCE UK Ltd bought a new position in shares of Weibo during the fourth quarter valued at approximately $99,000. Finally, Creative Planning bought a new position in Weibo in the 3rd quarter worth $112,000. 68.77% of the stock is currently owned by institutional investors.

Weibo Trading Up 2.6 %

NASDAQ WB opened at $11.34 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. Weibo has a one year low of $7.03 and a one year high of $12.40. The business has a 50 day simple moving average of $9.95 and a 200 day simple moving average of $9.21. The stock has a market capitalization of $2.75 billion, a P/E ratio of 7.77 and a beta of 0.26.

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.