Investors Sell Shares of Weibo (WB) on Strength (WB)

Investors sold shares of Weibo Corp (NASDAQ:WB) on strength during trading on Friday. $26.60 million flowed into the stock on the tick-up and $43.44 million flowed out of the stock on the tick-down, for a money net flow of $16.84 million out of the stock. Of all companies tracked, Weibo had the 0th highest net out-flow for the day. Weibo traded up $0.81 for the day and closed at $64.56

A number of analysts have recently commented on WB shares. Barclays set a $90.00 target price on shares of Weibo and gave the company a “buy” rating in a report on Thursday, October 18th. Benchmark dropped their target price on shares of Weibo from $148.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Jefferies Financial Group dropped their target price on shares of Weibo to $90.00 and set a “buy” rating on the stock in a report on Monday, November 5th. TH Capital dropped their target price on shares of Weibo and set a “buy” rating on the stock in a report on Wednesday, November 14th. Finally, Morgan Stanley set a $72.00 target price on shares of Weibo and gave the company a “buy” rating in a report on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Weibo currently has a consensus rating of “Buy” and an average target price of $95.13.

The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $14.38 billion, a PE ratio of 41.38, a PEG ratio of 0.90 and a beta of 2.42.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Wednesday, November 28th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The firm had revenue of $460.20 million during the quarter, compared to analyst estimates of $459.68 million. Weibo had a return on equity of 38.71% and a net margin of 33.23%. Weibo’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, analysts predict that Weibo Corp will post 2.5 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC raised its position in shares of Weibo by 1,900.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,000 shares of the information services provider’s stock worth $146,000 after purchasing an additional 1,900 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Weibo by 43.8% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the information services provider’s stock worth $204,000 after purchasing an additional 700 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in shares of Weibo in the 3rd quarter worth about $222,000. Yorktown Management & Research Co Inc purchased a new position in shares of Weibo in the 2nd quarter worth about $240,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Weibo in the 3rd quarter worth about $249,000. 23.64% of the stock is owned by hedge funds and other institutional investors.

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Weibo Company Profile (NASDAQ:WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

Further Reading: SEC Filing

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