BidaskClub lowered shares of Weibo (NASDAQ:WB) from a sell rating to a strong sell rating in a research report sent to investors on Friday.

A number of other equities research analysts also recently commented on the company. ValuEngine upgraded Weibo from a strong sell rating to a sell rating in a research report on Tuesday, October 2nd. OTR Global assumed coverage on Weibo in a research report on Monday, August 6th. They set a positive rating for the company. Zacks Investment Research downgraded Weibo from a buy rating to a hold rating in a research report on Sunday, July 15th. JPMorgan Chase & Co. assumed coverage on Weibo in a research report on Wednesday, August 29th. They set an overweight rating and a $118.00 price objective for the company. Finally, Jefferies Financial Group cut their price objective on Weibo from $145.00 to $140.00 and set a buy rating for the company in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $126.00.

WB opened at $57.13 on Friday. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 36.62 and a beta of 2.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.97 and a quick ratio of 3.97. Weibo has a 1-year low of $53.91 and a 1-year high of $142.12.

Weibo (NASDAQ:WB) last released its earnings results on Wednesday, August 8th. The information services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $426.60 million during the quarter, compared to the consensus estimate of $426.54 million. Weibo had a return on equity of 37.75% and a net margin of 32.03%. The firm’s revenue for the quarter was up 68.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, analysts predict that Weibo will post 2.49 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WB. Schwab Charles Investment Management Inc. lifted its holdings in shares of Weibo by 124.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 26,549 shares of the information services provider’s stock valued at $3,174,000 after purchasing an additional 14,712 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Weibo by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 89,212 shares of the information services provider’s stock valued at $10,664,000 after purchasing an additional 4,051 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Weibo by 199.6% in the first quarter. Allianz Asset Management GmbH now owns 12,058 shares of the information services provider’s stock valued at $1,441,000 after purchasing an additional 8,033 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Weibo by 37.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,033 shares of the information services provider’s stock valued at $961,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Weibo by 18.6% in the first quarter. Legal & General Group Plc now owns 190,516 shares of the information services provider’s stock valued at $22,775,000 after purchasing an additional 29,946 shares in the last quarter. Institutional investors own 23.86% of the company’s stock.

About Weibo

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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Analyst Recommendations for Weibo (NASDAQ:WB)

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