KAMES CAPITAL plc Takes $5.86 Million Position in Weibo (WB)

KAMES CAPITAL plc purchased a new stake in Weibo (NASDAQ:WB) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 49,000 shares of the information services provider’s stock, valued at approximately $5,857,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its holdings in Weibo by 70.2% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after acquiring an additional 743 shares during the last quarter. Calton & Associates Inc. acquired a new stake in Weibo in the 4th quarter valued at about $246,000. Greenleaf Trust acquired a new stake in Weibo in the 1st quarter valued at about $232,000. Sequoia Financial Advisors LLC acquired a new stake in Weibo in the 4th quarter valued at about $203,000. Finally, Atria Investments LLC acquired a new stake in Weibo in the 1st quarter valued at about $250,000. 23.87% of the stock is owned by institutional investors.

A number of analysts have commented on WB shares. BidaskClub raised shares of Weibo from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 4th. Zacks Investment Research lowered shares of Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Benchmark upped their price objective on shares of Weibo from $110.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, ValuEngine raised shares of Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Weibo presently has an average rating of “Buy” and an average price target of $134.67.

WB stock opened at $101.62 on Monday. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.66. Weibo has a one year low of $65.65 and a one year high of $142.12. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 56.46 and a beta of 2.61.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Wednesday, May 9th. The information services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $319.90 million during the quarter, compared to analyst estimates of $343.91 million. Weibo had a net margin of 31.12% and a return on equity of 36.15%. The business’s quarterly revenue was up 60.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. sell-side analysts predict that Weibo will post 2.72 EPS for the current year.

Weibo Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

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Institutional Ownership by Quarter for Weibo (NASDAQ:WB)

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