Weibo Corp (NASDAQ:WB) – Investment analysts at Jefferies Group lowered their Q1 2018 EPS estimates for Weibo in a research note issued on Tuesday. Jefferies Group analyst K. Chan now expects that the information services provider will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.47. Jefferies Group currently has a “Buy” rating and a $160.00 target price on the stock. Jefferies Group also issued estimates for Weibo’s Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $2.62 EPS and FY2019 earnings at $3.93 EPS.
Weibo (NASDAQ:WB) last released its earnings results on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $377.40 million during the quarter, compared to analysts’ expectations of $362.04 million. Weibo had a net margin of 30.66% and a return on equity of 35.57%. Weibo’s revenue for the quarter was up 77.4% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS.
WB has been the subject of a number of other reports. Zacks Investment Research cut shares of Weibo from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. ValuEngine upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Benchmark lifted their target price on shares of Weibo from $110.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. BidaskClub cut shares of Weibo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Morgan Stanley began coverage on shares of Weibo in a research note on Friday, January 5th. They set an “overweight” rating and a $130.00 price objective for the company. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $124.50.
Shares of Weibo (NASDAQ:WB) opened at $133.03 on Friday. The company has a market cap of $29,087.82, a P/E ratio of 84.73 and a beta of 2.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.22 and a quick ratio of 2.23. Weibo has a 12 month low of $47.52 and a 12 month high of $142.12.
Hedge funds and other institutional investors have recently made changes to their positions in the business. NEXT Financial Group Inc increased its holdings in shares of Weibo by 9,900.0% during the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after purchasing an additional 990 shares in the last quarter. Risk Paradigm Group LLC purchased a new position in shares of Weibo during the 3rd quarter valued at approximately $109,000. Sequoia Financial Advisors LLC purchased a new position in shares of Weibo during the 4th quarter valued at approximately $203,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Weibo during the 4th quarter valued at approximately $208,000. Finally, YorkBridge Wealth Partners LLC increased its holdings in shares of Weibo by 70.2% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after purchasing an additional 743 shares in the last quarter. Institutional investors and hedge funds own 22.40% of the company’s stock.
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Weibo 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.
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