Weibo Corporation $WB Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in shares of Weibo Corporation (NASDAQ:WB) by 82.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 722,079 shares of the information services provider’s stock after selling 3,381,835 shares during the quarter. Schroder Investment Management Group’s holdings in Weibo were worth $6,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Weibo by 22.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,653 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 2,135 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Weibo in the first quarter worth approximately $351,000. XY Capital Ltd purchased a new stake in Weibo in the first quarter valued at approximately $649,000. National Bank of Canada FI grew its holdings in Weibo by 28,999,900.0% in the first quarter. National Bank of Canada FI now owns 290,000 shares of the information services provider’s stock valued at $2,746,000 after purchasing an additional 289,999 shares during the period. Finally, Wolverine Asset Management LLC increased its position in Weibo by 35.1% during the first quarter. Wolverine Asset Management LLC now owns 127,140 shares of the information services provider’s stock worth $1,204,000 after purchasing an additional 33,000 shares during the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Citigroup lifted their target price on Weibo from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Weibo in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Weibo Stock Down 0.5%

Shares of Weibo stock opened at $10.28 on Friday. Weibo Corporation has a twelve month low of $7.10 and a twelve month high of $12.96. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 5.02 and a beta of 0.13. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $11.02 and a 200 day moving average price of $10.60.

Weibo (NASDAQ:WB) last issued its quarterly earnings data on Tuesday, November 18th. The information services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Weibo had a return on equity of 11.79% and a net margin of 26.58%.The company had revenue of $442.31 million for the quarter, compared to analyst estimates of $447.88 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts forecast that Weibo Corporation will post 1.62 earnings per share for the current fiscal year.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute 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.