Sei Investments Co. Increases Stake in Weibo Corporation $WB

Sei Investments Co. grew its stake in shares of Weibo Corporation (NASDAQ:WB) by 39.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 584,557 shares of the information services provider’s stock after purchasing an additional 165,936 shares during the quarter. Sei Investments Co.’s holdings in Weibo were worth $5,115,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. AIA Group Ltd grew its stake in Weibo by 229.7% during the first quarter. AIA Group Ltd now owns 103,579 shares of the information services provider’s stock valued at $906,000 after acquiring an additional 72,159 shares in the last quarter. DGS Capital Management LLC increased its position in Weibo by 19.7% in the first quarter. DGS Capital Management LLC now owns 127,750 shares of the information services provider’s stock worth $1,118,000 after purchasing an additional 20,982 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Weibo during the 4th quarter valued at about $517,000. Voloridge Investment Management LLC raised its position in Weibo by 51.1% during the fourth quarter. Voloridge Investment Management LLC now owns 481,187 shares of the information services provider’s stock valued at $4,918,000 after purchasing an additional 162,627 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Weibo during the 4th quarter valued at $176,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $9.80 price objective on shares of Weibo in a research report on Thursday, May 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Weibo in a report on Friday, July 24th. Finally, Zacks Research cut shares of Weibo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Weibo has a consensus rating of “Hold” and an average price target of $11.90.

Weibo Trading Down 1.1%

Shares of NASDAQ WB opened at $8.08 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.02 and a current ratio of 3.02. The business’s 50 day moving average price is $7.69 and its 200-day moving average price is $8.76. Weibo Corporation has a fifty-two week low of $7.09 and a fifty-two week high of $12.96. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 4.91 and a beta of 0.18.

Weibo (NASDAQ:WB) last issued its quarterly earnings results on Thursday, May 28th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Weibo had a return on equity of 9.90% and a net margin of 21.15%.The business had revenue of $421.33 million for the quarter, compared to the consensus estimate of $416.76 million. During the same period in the prior year, the business posted $0.45 earnings per share. Weibo’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that Weibo Corporation will post 1.26 earnings per share for the current year.

Weibo Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.