Weibo (WB) Rating Reiterated by Barclays

Weibo (NASDAQ:WB)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a research report issued on Wednesday. They currently have a $150.00 price objective on the information services provider’s stock. Barclays’ price target would indicate a potential upside of 11.01% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Weibo from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. BidaskClub upgraded Weibo from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley began coverage on Weibo in a report on Friday, January 5th. They set an “overweight” rating and a $130.00 price objective for the company. UBS Group initiated coverage on Weibo in a report on Tuesday, January 2nd. They set a “buy” rating and a $125.00 price objective for the company. Finally, ValuEngine downgraded shares of Weibo from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $114.23.

Shares of Weibo (NASDAQ WB) opened at $135.12 on Wednesday. Weibo has a 1-year low of $47.36 and a 1-year high of $142.12. The stock has a market capitalization of $29,540.00, a P/E ratio of 87.17 and a beta of 2.63.

Weibo (NASDAQ:WB) last issued its quarterly earnings data on Tuesday, February 13th. The information services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Weibo had a return on equity of 38.19% and a net margin of 30.66%. The company had revenue of $377.40 million during the quarter, compared to analysts’ expectations of $362.04 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue was up 77.4% on a year-over-year basis. equities analysts forecast that Weibo will post 2.61 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WB. Harding Loevner LP raised its position in Weibo 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 in the last quarter. BlackRock Inc. raised its position in Weibo by 15.0% during the fourth quarter. BlackRock Inc. now owns 3,251,990 shares of the information services provider’s stock valued at $336,452,000 after purchasing an additional 425,313 shares in the last quarter. Schroder Investment Management Group raised its position in Weibo 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 in the last quarter. Acadian Asset Management LLC raised its position in Weibo by 16.0% during the fourth quarter. Acadian Asset Management LLC now owns 1,994,583 shares of the information services provider’s stock valued at $206,361,000 after purchasing an additional 274,466 shares in the last quarter. Finally, BT Investment Management Ltd raised its position in Weibo by 1.3% during the fourth quarter. BT Investment Management Ltd now owns 1,036,377 shares of the information services provider’s stock valued at $107,224,000 after purchasing an additional 13,549 shares in the last quarter. Institutional investors own 22.14% of the company’s stock.

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About Weibo

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 (NASDAQ:WB)

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