XY Capital Ltd Grows Stake in Weibo Corporation $WB

XY Capital Ltd increased its stake in shares of Weibo Corporation (NASDAQ:WB) by 223.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,206 shares of the information services provider’s stock after purchasing an additional 70,626 shares during the period. Weibo accounts for approximately 0.7% of XY Capital Ltd’s investment portfolio, making the stock its 28th biggest position. XY Capital Ltd’s holdings in Weibo were worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WB. Krane Funds Advisors LLC increased its stake in Weibo by 25.0% during the 3rd quarter. Krane Funds Advisors LLC now owns 4,676,063 shares of the information services provider’s stock worth $57,983,000 after buying an additional 934,898 shares in the last quarter. UBS Group AG boosted its stake in shares of Weibo by 102.8% in the third quarter. UBS Group AG now owns 1,377,705 shares of the information services provider’s stock worth $17,084,000 after acquiring an additional 698,521 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Weibo by 497.1% in the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock worth $6,865,000 after acquiring an additional 599,700 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Weibo by 99.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,801 shares of the information services provider’s stock worth $12,968,000 after purchasing an additional 522,400 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Weibo in the 3rd quarter valued at $4,194,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Trading Up 0.5%

Shares of WB stock opened at $9.75 on Friday. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.48. Weibo Corporation has a twelve month low of $7.10 and a twelve month high of $12.96. The company’s 50-day moving average price is $10.32 and its 200-day moving average price is $10.81. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 5.19 and a beta of 0.13.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weibo in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.00.

About Weibo

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.