Weibo Corporation (WB) Receives Consensus Rating of “Buy” from Brokerages

Weibo Corporation (NASDAQ:WB) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $93.39.

A number of research analysts have commented on WB shares. BidaskClub cut shares of Weibo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Citigroup Inc. reiterated a “buy” rating and set a $126.00 price target (up from $102.00) on shares of Weibo Corporation in a research report on Thursday, September 14th. Jefferies Group LLC reduced their price target on shares of Weibo Corporation from $105.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Instinet reiterated a “buy” rating and set a $102.00 price target (up from $91.00) on shares of Weibo Corporation in a research report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Weibo Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Tuesday.



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Weibo Corporation (NASDAQ WB) traded down $1.99 during mid-day trading on Friday, hitting $115.73. 2,297,250 shares of the company traded hands, compared to its average volume of 2,034,460. The company has a market capitalization of $25,740.00, a PE ratio of 95.09 and a beta of 2.47. Weibo Corporation has a one year low of $40.12 and a one year high of $118.65.

Weibo Corporation (NASDAQ:WB) last posted its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The company had revenue of $320.00 million for the quarter, compared to analysts’ expectations of $297.20 million. Weibo Corporation had a net margin of 26.85% and a return on equity of 30.00%. Weibo Corporation’s revenue for the quarter was up 80.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. sell-side analysts predict that Weibo Corporation will post 1.49 EPS for the current year.

Several large investors have recently added to or reduced their stakes in WB. Harding Loevner LP boosted its stake in shares of Weibo Corporation by 2,621.2% during the third quarter. Harding Loevner LP now owns 95,403,043 shares of the information services provider’s stock valued at $476,760,000 after purchasing an additional 91,897,142 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Weibo Corporation during the second quarter valued at approximately $63,749,000. Schroder Investment Management Group boosted its stake in shares of Weibo Corporation by 31.1% during the third quarter. Schroder Investment Management Group now owns 2,300,656 shares of the information services provider’s stock valued at $225,672,000 after purchasing an additional 545,683 shares during the period. Platinum Investment Management Ltd. purchased a new stake in shares of Weibo Corporation during the second quarter valued at approximately $27,010,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Weibo Corporation by 30.2% during the second quarter. Acadian Asset Management LLC now owns 1,707,419 shares of the information services provider’s stock valued at $113,491,000 after purchasing an additional 396,281 shares during the period. 19.54% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Weibo Corporation (NASDAQ:WB)

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