Weibo (WB) Price Target Increased to $148.00 by Analysts at Benchmark

Weibo (NASDAQ:WB) had its price objective lifted by Benchmark from $110.00 to $148.00 in a research report report published on Wednesday morning. Benchmark currently has a buy rating on the information services provider’s stock.

Several other research analysts have also commented on the company. Barclays reissued an overweight rating and issued a $150.00 price objective on shares of Weibo in a research report on Wednesday. Zacks Investment Research raised Weibo from a sell rating to a hold rating in a research report on Thursday, January 25th. BidaskClub raised Weibo from a hold rating to a buy rating in a research report on Wednesday, January 10th. Morgan Stanley began coverage on Weibo in a research report on Friday, January 5th. They issued an overweight rating and a $130.00 price objective on the stock. Finally, UBS Group began coverage on Weibo in a research report on Tuesday, January 2nd. They issued a buy rating and a $125.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $114.23.

Shares of Weibo (WB) traded up $9.98 on Wednesday, hitting $139.64. The company had a trading volume of 4,045,000 shares, compared to its average volume of 2,002,400. The stock has a market cap of $30,300.00, a price-to-earnings ratio of 90.09 and a beta of 2.63. Weibo has a twelve month low of $47.36 and a twelve month high of $141.98.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Weibo had a return on equity of 38.19% and a net margin of 30.66%. The company had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue was up 77.4% compared to the same quarter last year. equities research analysts expect that Weibo will post 2.61 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Platinum Investment Management Ltd. grew its stake in shares of Weibo by 21.9% during the fourth quarter. Platinum Investment Management Ltd. now owns 400,016 shares of the information services provider’s stock valued at $41,385,000 after acquiring an additional 71,990 shares in the last quarter. LPL Financial LLC grew its stake in shares of Weibo by 49.5% during the fourth quarter. LPL Financial LLC now owns 22,606 shares of the information services provider’s stock valued at $2,339,000 after acquiring an additional 7,485 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Weibo by 32.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,835 shares of the information services provider’s stock valued at $603,000 after acquiring an additional 1,422 shares in the last quarter. G&S Capital LLC acquired a new stake in shares of Weibo during the fourth quarter valued at about $576,000. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Weibo by 75.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 214,256 shares of the information services provider’s stock valued at $22,167,000 after acquiring an additional 92,100 shares in the last quarter. Institutional investors own 22.14% of the company’s stock.

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About Weibo

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

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