Weibo (NASDAQ:WB) Downgraded by BidaskClub

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Weibo (NASDAQ:WB) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday, BidAskClub reports.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Weibo from a “strong sell” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group raised Weibo from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, October 18th. Credit Suisse Group lowered Weibo from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, ValuEngine upgraded Weibo from a “hold” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.69.

Shares of NASDAQ WB opened at $43.56 on Friday. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 17.49 and a beta of 2.14. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.79. Weibo has a 1-year low of $34.26 and a 1-year high of $74.68. The stock’s 50-day moving average is $46.56 and its 200 day moving average is $44.86.

Weibo (NASDAQ:WB) last announced its quarterly earnings data on Thursday, November 14th. The information services provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. The company had revenue of $467.75 million for the quarter, compared to analysts’ expectations of $471.84 million. Weibo had a return on equity of 28.88% and a net margin of 31.79%. Weibo’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. On average, analysts forecast that Weibo will post 2.25 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of WB. TB Alternative Assets Ltd. grew its position in Weibo by 116.5% during the 3rd quarter. TB Alternative Assets Ltd. now owns 1,016,916 shares of the information services provider’s stock worth $45,507,000 after acquiring an additional 547,200 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Weibo during the 2nd quarter worth approximately $15,466,000. Banco Santander S.A. bought a new position in Weibo during the 3rd quarter worth approximately $15,663,000. Platinum Investment Management Ltd. grew its position in shares of Weibo by 11.9% in the 2nd quarter. Platinum Investment Management Ltd. now owns 3,096,729 shares of the information services provider’s stock worth $134,863,000 after buying an additional 328,248 shares during the last quarter. Finally, Natixis grew its position in shares of Weibo by 696.5% in the 2nd quarter. Natixis now owns 341,470 shares of the information services provider’s stock worth $14,871,000 after buying an additional 298,596 shares during the last quarter. Institutional investors and hedge funds own 26.57% of the company’s stock.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in 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.

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