ValuEngine lowered shares of Weibo (NASDAQ:WB) from a buy rating to a hold rating in a report issued on Thursday morning.
Several other equities research analysts also recently weighed in on the company. BidaskClub upgraded Weibo from a buy rating to a strong-buy rating in a report on Saturday, April 14th. Zacks Investment Research upgraded Weibo from a hold rating to a buy rating and set a $131.00 price target on the stock in a report on Friday, April 20th. BNP Paribas began coverage on Weibo in a report on Thursday, June 14th. They issued a hold rating on the stock. Finally, Jefferies Financial Group raised their price objective on Weibo to $160.00 and gave the stock a buy rating in a report on Tuesday, March 13th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $134.67.
Shares of Weibo opened at $98.17 on Thursday, according to Marketbeat.com. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.66. Weibo has a fifty-two week low of $65.65 and a fifty-two week high of $142.12. The company has a market capitalization of $21.82 billion, a PE ratio of 62.93 and a beta of 2.54.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WB. Sequoia Financial Advisors LLC bought a new stake in Weibo during the 4th quarter valued at $203,000. YorkBridge Wealth Partners LLC boosted its position in Weibo by 70.2% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after acquiring an additional 743 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new stake in Weibo during the 4th quarter valued at $218,000. Sterling Capital Management LLC bought a new stake in Weibo during the 4th quarter valued at $218,000. Finally, Greenleaf Trust bought a new stake in Weibo during the 1st quarter valued at $232,000. Institutional investors own 23.68% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.