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 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.
Want to see what other hedge funds are holding WB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weibo (NASDAQ:WB).
Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.