Aviva PLC decreased its position in shares of Weibo Corp (NASDAQ:WB) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,450 shares of the information services provider’s stock after selling 400 shares during the period. Aviva PLC’s holdings in Weibo were worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WB. First Republic Investment Management Inc. increased its holdings in shares of Weibo by 166.9% in the third quarter. First Republic Investment Management Inc. now owns 20,367 shares of the information services provider’s stock worth $1,489,000 after buying an additional 12,736 shares during the period. Vanguard Group Inc increased its holdings in shares of Weibo by 37.4% in the third quarter. Vanguard Group Inc now owns 1,755,252 shares of the information services provider’s stock worth $128,361,000 after buying an additional 477,814 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Weibo by 112.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 212,467 shares of the information services provider’s stock worth $12,414,000 after buying an additional 112,400 shares during the period. KBC Group NV increased its holdings in shares of Weibo by 806.8% in the fourth quarter. KBC Group NV now owns 187,740 shares of the information services provider’s stock worth $10,969,000 after buying an additional 167,036 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of Weibo in the fourth quarter worth about $58,000. Institutional investors and hedge funds own 24.36% of the company’s stock.

WB opened at $62.61 on Friday. Weibo Corp has a 52 week low of $51.15 and a 52 week high of $138.72. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.03 and a beta of 2.06. The company has a quick ratio of 3.99, a current ratio of 3.92 and a debt-to-equity ratio of 0.51.

Weibo (NASDAQ:WB) last announced its earnings results on Tuesday, March 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. Weibo had a net margin of 33.27% and a return on equity of 37.53%. The firm had revenue of $481.88 million for the quarter, compared to analysts’ expectations of $481.52 million. During the same period in the prior year, the company earned $0.64 EPS. The business’s revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts forecast that Weibo Corp will post 2.93 EPS for the current fiscal year.

Several analysts recently issued reports on WB shares. Barclays set a $80.00 target price on Weibo and gave the stock a “buy” rating in a research note on Thursday, November 29th. Jefferies Financial Group set a $83.00 price objective on Weibo and gave the company a “buy” rating in a research report on Thursday, November 29th. Benchmark cut their price objective on Weibo from $100.00 to $81.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Morgan Stanley set a $72.00 target price on shares of Weibo and gave the company a “buy” rating in a report on Tuesday, November 27th. Finally, BidaskClub upgraded shares of Weibo from a “hold” rating to a “buy” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.11.

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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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Institutional Ownership by Quarter for Weibo (NASDAQ:WB)

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