Aviva PLC Lowers Holdings in Weibo Corp (WB)
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.
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.
ILLEGAL ACTIVITY NOTICE: “Aviva PLC Lowers Holdings in Weibo Corp (WB)” was published by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2019/03/17/aviva-plc-lowers-holdings-in-weibo-corp-wb.html.
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 Corp (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.