Aperio Group LLC Raises Stake in Weibo Corporation (NASDAQ:WB)
Aperio Group LLC boosted its position in Weibo Corporation (NASDAQ:WB) by 48.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,610 shares of the information services provider’s stock after buying an additional 11,019 shares during the period. Aperio Group LLC’s holdings in Weibo Corporation were worth $2,234,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WB. William Blair Investment Management LLC bought a new position in Weibo Corporation during the first quarter worth approximately $56,068,000. Macquarie Group Ltd. increased its position in Weibo Corporation by 55,465.9% in the first quarter. Macquarie Group Ltd. now owns 905,168 shares of the information services provider’s stock worth $47,233,000 after buying an additional 903,539 shares during the period. State Street Corp increased its position in Weibo Corporation by 14.2% in the first quarter. State Street Corp now owns 513,031 shares of the information services provider’s stock worth $26,771,000 after buying an additional 63,983 shares during the period. Principal Financial Group Inc. bought a new position in Weibo Corporation during the first quarter worth approximately $26,341,000. Finally, Russell Investments Group Ltd. increased its position in Weibo Corporation by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 490,961 shares of the information services provider’s stock worth $25,617,000 after buying an additional 23,309 shares during the period. 16.79% of the stock is owned by institutional investors.
Weibo Corporation (NASDAQ:WB) traded up 0.2665% on Tuesday, reaching $86.4899. The company’s stock had a trading volume of 2,170,372 shares. Weibo Corporation has a 52-week low of $34.08 and a 52-week high of $88.88. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 131.4436 and a beta of 2.66.
Weibo Corporation (NASDAQ:WB) last posted its quarterly earnings results on Tuesday, May 16th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Weibo Corporation had a return on equity of 20.00% and a net margin of 20.10%. The business had revenue of $199.20 million for the quarter, compared to analyst estimates of $188.29 million. During the same period last year, the company earned $0.07 EPS. Weibo Corporation’s revenue for the quarter was up 67.0% compared to the same quarter last year. On average, equities analysts expect that Weibo Corporation will post $1.50 earnings per share for the current year.
WB has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Weibo Corporation in a research note on Monday, June 26th. T.H. Capital reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Weibo Corporation in a research note on Tuesday, May 9th. Zacks Investment Research downgraded Weibo Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Vetr downgraded Weibo Corporation from a “strong-buy” rating to a “buy” rating and set a $65.50 price target for the company. in a research note on Monday, May 8th. Finally, Benchmark Co. initiated coverage on Weibo Corporation in a research note on Tuesday, April 18th. They issued a “buy” rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $66.95.
Weibo Corporation 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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