AJOVista LLC Acquires New Position in Weibo Co. (NASDAQ:WB)

AJOVista LLC acquired a new stake in Weibo Co. (NASDAQ:WB) during the fourth quarter, Holdings Channel.com reports. The fund acquired 32,029 shares of the information services provider’s stock, valued at approximately $351,000.

Other hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp bought a new stake in shares of Weibo during the fourth quarter worth $117,000. Profund Advisors LLC bought a new stake in shares of Weibo during the third quarter worth $133,000. abrdn plc grew its stake in shares of Weibo by 7.6% during the third quarter. abrdn plc now owns 11,710 shares of the information services provider’s stock worth $147,000 after buying an additional 829 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Weibo by 42.1% during the fourth quarter. DGS Capital Management LLC now owns 23,121 shares of the information services provider’s stock worth $253,000 after buying an additional 6,850 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Weibo by 353.7% during the third quarter. Quantbot Technologies LP now owns 21,500 shares of the information services provider’s stock worth $270,000 after buying an additional 16,761 shares during the last quarter. 68.77% of the stock is owned by institutional investors.

Weibo Trading Up 4.1 %

Shares of WB stock traded up $0.38 during trading hours on Friday, hitting $9.67. 4,852,102 shares of the company were exchanged, compared to its average volume of 2,190,546. The company has a 50 day simple moving average of $8.88 and a two-hundred day simple moving average of $9.75. The firm has a market cap of $2.26 billion, a P/E ratio of 6.81, a P/E/G ratio of 1.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.51 and a current ratio of 2.51. Weibo Co. has a fifty-two week low of $7.58 and a fifty-two week high of $17.67.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.14). The company had revenue of $463.67 million during the quarter, compared to the consensus estimate of $452.30 million. Weibo had a net margin of 19.47% and a return on equity of 10.77%. Equities analysts anticipate that Weibo Co. will post 1.64 EPS for the current year.

Weibo Cuts Dividend

The company also recently declared a — dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, April 12th will be issued a $0.80 dividend. The ex-dividend date is Thursday, April 11th.

Analysts Set New Price Targets

A number of analysts have weighed in on WB shares. HSBC decreased their target price on shares of Weibo from $13.60 to $9.80 and set a “hold” rating on the stock in a research note on Friday, March 15th. StockNews.com cut shares of Weibo from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. UBS Group raised shares of Weibo from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $12.90 to $11.50 in a research note on Tuesday, March 19th. Bank of America cut shares of Weibo from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $19.50 to $10.00 in a research note on Thursday, January 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $10.60 price objective on shares of Weibo in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Weibo has a consensus rating of “Hold” and an average target price of $11.98.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.