Axa S.A. Purchases 2,300 Shares of Weibo Co. (NASDAQ:WB)

Axa S.A. increased its holdings in Weibo Co. (NASDAQ:WB) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,300 shares of the information services provider’s stock after buying an additional 2,300 shares during the period. Axa S.A.’s holdings in Weibo were worth $5,909,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Eaton Vance Management purchased a new stake in Weibo in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Weibo during the 2nd quarter valued at $34,000. Banco de Sabadell S.A bought a new stake in shares of Weibo during the 1st quarter worth $37,000. Banque Cantonale Vaudoise grew its position in Weibo by 101.7% in the second quarter. Banque Cantonale Vaudoise now owns 2,420 shares of the information services provider’s stock worth $127,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Distillate Capital Partners LLC increased its stake in Weibo by 88.6% in the first quarter. Distillate Capital Partners LLC now owns 3,455 shares of the information services provider’s stock valued at $174,000 after acquiring an additional 1,623 shares during the last quarter. 29.72% of the stock is owned by institutional investors.

Shares of NASDAQ WB opened at $49.39 on Thursday. The firm’s fifty day moving average is $50.66 and its 200 day moving average is $51.47. Weibo Co. has a 52 week low of $37.30 and a 52 week high of $64.70. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.80. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 58.11, a PEG ratio of 5.60 and a beta of 1.10.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Tuesday, August 17th. The information services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. The firm had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $525.88 million. Weibo had a net margin of 9.62% and a return on equity of 6.78%. The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. Equities research analysts anticipate that Weibo Co. will post 1.96 earnings per share for the current year.

Several analysts have issued reports on WB shares. Zacks Investment Research raised Weibo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 21st. Credit Suisse Group upgraded shares of Weibo from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $56.00 in a research report on Thursday, August 19th. HSBC upgraded shares of Weibo from a “reduce” rating to a “hold” rating and upped their price target for the company from $40.00 to $51.00 in a research report on Friday, August 20th. Finally, Benchmark lifted their price objective on Weibo from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Weibo currently has an average rating of “Buy” and an average price target of $52.50.

About Weibo

Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.

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Institutional Ownership by Quarter for Weibo (NASDAQ:WB)

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