Weibo Corporation (WB) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in shares of Weibo Corporation (NASDAQ:WB) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,924 shares of the information services provider’s stock after selling 2,710 shares during the period. Nationwide Fund Advisors’ holdings in Weibo Corporation were worth $2,056,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Origin Asset Management LLP purchased a new position in shares of Weibo Corporation during the second quarter valued at about $5,557,000. Ameriprise Financial Inc. grew its position in shares of Weibo Corporation by 38.2% during the second quarter. Ameriprise Financial Inc. now owns 80,097 shares of the information services provider’s stock valued at $5,325,000 after purchasing an additional 22,144 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Weibo Corporation by 58.3% during the second quarter. TIAA CREF Investment Management LLC now owns 61,747 shares of the information services provider’s stock valued at $4,104,000 after purchasing an additional 22,747 shares in the last quarter. Crawford Lake Capital Management LLC purchased a new position in shares of Weibo Corporation during the second quarter valued at about $5,018,000. Finally, Teachers Advisors LLC grew its position in shares of Weibo Corporation by 20.2% during the second quarter. Teachers Advisors LLC now owns 15,267 shares of the information services provider’s stock valued at $1,015,000 after purchasing an additional 2,567 shares in the last quarter. Hedge funds and other institutional investors own 19.56% of the company’s stock.

Weibo Corporation (NASDAQ WB) opened at 99.74 on Monday. The company has a market cap of $20.68 billion, a P/E ratio of 114.91 and a beta of 2.58. Weibo Corporation has a one year low of $40.12 and a one year high of $108.30. The company has a 50 day moving average of $101.52 and a 200-day moving average of $77.91.

Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Weibo Corporation had a net margin of 23.22% and a return on equity of 24.45%. The company had revenue of $253.37 million during the quarter, compared to analysts’ expectations of $246.78 million. During the same quarter in the prior year, the company earned $0.16 EPS. Weibo Corporation’s revenue was up 72.5% compared to the same quarter last year. On average, equities analysts expect that Weibo Corporation will post $1.64 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the company. Citigroup Inc. restated a “buy” rating and set a $126.00 price objective (up previously from $102.00) on shares of Weibo Corporation in a research report on Thursday, September 14th. BidaskClub lowered Weibo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Zacks Investment Research lowered Weibo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC cut their price objective on Weibo Corporation from $105.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Finally, Instinet reaffirmed a “buy” rating and issued a $102.00 price target (up previously from $91.00) on shares of Weibo Corporation in a report on Friday, August 11th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.28.

TRADEMARK VIOLATION NOTICE: “Weibo Corporation (WB) Shares Sold by Nationwide Fund Advisors” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislat

Several other institutional investors have also recently modified their holdings of the company. Origin Asset Management LLP purchased a new position in shares of Weibo Corporation during the second quarter valued at about $5,557,000. Ameriprise Financial Inc. grew its position in shares of Weibo Corporation by 38.2% during the second quarter. Ameriprise Financial Inc. now owns 80,097 shares of the information services provider’s stock valued at $5,325,000 after purchasing an additional 22,144 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Weibo Corporation by 58.3% during the second quarter. TIAA CREF Investment Management LLC now owns 61,747 shares of the information services provider’s stock valued at $4,104,000 after purchasing an additional 22,747 shares in the last quarter. Crawford Lake Capital Management LLC purchased a new position in shares of Weibo Corporation during the second quarter valued at about $5,018,000. Finally, Teachers Advisors LLC grew its position in shares of Weibo Corporation by 20.2% during the second quarter. Teachers Advisors LLC now owns 15,267 shares of the information services provider’s stock valued at $1,015,000 after purchasing an additional 2,567 shares in the last quarter. Hedge funds and other institutional investors own 19.56% of the company’s stock.

Weibo Corporation (NASDAQ WB) opened at 99.74 on Monday. The company has a market cap of $20.68 billion, a P/E ratio of 114.91 and a beta of 2.58. Weibo Corporation has a one year low of $40.12 and a one year high of $108.30. The company has a 50 day moving average of $101.52 and a 200-day moving average of $77.91.

Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Weibo Corporation had a net margin of 23.22% and a return on equity of 24.45%. The company had revenue of $253.37 million during the quarter, compared to analysts’ expectations of $246.78 million. During the same quarter in the prior year, the company earned $0.16 EPS. Weibo Corporation’s revenue was up 72.5% compared to the same quarter last year. On average, equities analysts expect that Weibo Corporation will post $1.64 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the company. Citigroup Inc. restated a “buy” rating and set a $126.00 price objective (up previously from $102.00) on shares of Weibo Corporation in a research report on Thursday, September 14th. BidaskClub lowered Weibo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Zacks Investment Research lowered Weibo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC cut their price objective on Weibo Corporation from $105.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Finally, Instinet reaffirmed a “buy” rating and issued a $102.00 price target (up previously from $91.00) on shares of Weibo Corporation in a report on Friday, August 11th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.28.

TRADEMARK VIOLATION NOTICE: “Weibo Corporation (WB) Shares Sold by Nationwide Fund Advisors” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/16/weibo-corporation-wb-shares-sold-by-nationwide-fund-advisors.html.

Weibo Corporation Company Profile

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

Want to see what other hedge funds are holding WB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weibo Corporation (NASDAQ:WB).

Institutional Ownership by Quarter for Weibo Corporation (NASDAQ:WB)

Receive News & Ratings for Weibo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply