Pitcairn Co. grew its holdings in Weibo Corp (NASDAQ:WB) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,363 shares of the information services provider’s stock after buying an additional 990 shares during the period. Pitcairn Co.’s holdings in Weibo were worth $348,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WB. NEXT Financial Group Inc lifted its position in shares of Weibo by 9,900.0% in the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after buying an additional 990 shares during the last quarter. Risk Paradigm Group LLC bought a new position in shares of Weibo during the third quarter worth approximately $109,000. Sequoia Financial Advisors LLC bought a new position in shares of Weibo during the fourth quarter worth approximately $203,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Weibo during the fourth quarter worth approximately $208,000. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Weibo by 70.2% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock worth $212,000 after purchasing an additional 743 shares during the period. 22.40% of the stock is owned by institutional investors.
Weibo Corp (NASDAQ:WB) traded up $0.36 during trading on Wednesday, reaching $131.49. The company’s stock had a trading volume of 945,696 shares, compared to its average volume of 2,160,000. Weibo Corp has a 12-month low of $47.52 and a 12-month high of $142.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.23 and a current ratio of 4.22. The company has a market cap of $29,090.00, a price-to-earnings ratio of 84.83 and a beta of 2.55.
Weibo (NASDAQ:WB) last posted its quarterly earnings data on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Weibo had a return on equity of 35.57% and a net margin of 30.66%. The firm had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. During the same quarter last year, the company earned $0.34 EPS. The company’s revenue was up 77.4% on a year-over-year basis. equities analysts expect that Weibo Corp will post 2.57 earnings per share for the current year.
A number of equities analysts have recently weighed in on WB shares. Zacks Investment Research upgraded Weibo from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, November 14th. Barclays increased their target price on Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. ValuEngine lowered Weibo from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub lowered Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, UBS Group started coverage on Weibo in a research note on Tuesday, January 2nd. They set a “buy” rating and a $125.00 target price on the stock. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $124.50.
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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.
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