Weibo Co. (NASDAQ:WB) Receives Average Rating of “Hold” from Brokerages

Weibo Co. (NASDAQ:WB) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $45.07.

A number of equities research analysts have recently commented on the company. Benchmark increased their target price on Weibo from $50.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, March 19th. Zacks Investment Research raised Weibo from a “sell” rating to a “hold” rating in a research note on Thursday, February 18th. Finally, HSBC increased their target price on Weibo from $30.60 to $40.00 and gave the stock a “reduce” rating in a research note on Friday, March 19th.

Institutional investors have recently added to or reduced their stakes in the stock. Banco de Sabadell S.A bought a new position in Weibo in the first quarter valued at about $37,000. Distillate Capital Partners LLC bought a new position in Weibo in the fourth quarter valued at about $75,000. DekaBank Deutsche Girozentrale lifted its holdings in Weibo by 13.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,632 shares of the information services provider’s stock valued at $105,000 after acquiring an additional 302 shares during the period. CenterStar Asset Management LLC bought a new position in Weibo in the first quarter valued at about $164,000. Finally, Ensign Peak Advisors Inc lifted its holdings in Weibo by 289.5% in the first quarter. Ensign Peak Advisors Inc now owns 3,700 shares of the information services provider’s stock valued at $187,000 after acquiring an additional 2,750 shares during the period. 25.39% of the stock is currently owned by institutional investors.

WB traded down $0.12 during trading on Monday, reaching $48.79. The stock had a trading volume of 1,107,743 shares, compared to its average volume of 1,587,896. The stock’s 50 day moving average is $49.56 and its two-hundred day moving average is $47.89. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.35 and a beta of 1.64. Weibo has a one year low of $28.93 and a one year high of $63.55.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Sunday, May 9th. The information services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $458.90 million during the quarter, compared to the consensus estimate of $430.77 million. Weibo had a return on equity of 21.27% and a net margin of 29.86%. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities research analysts predict that Weibo will post 1.75 earnings per share for the current year.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.

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Analyst Recommendations for Weibo (NASDAQ:WB)

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