XY Capital Ltd Increases Stake in Weibo Corporation $WB

XY Capital Ltd grew its stake in Weibo Corporation (NASDAQ:WB) by 223.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,206 shares of the information services provider’s stock after purchasing an additional 70,626 shares during the period. Weibo comprises approximately 0.7% of XY Capital Ltd’s investment portfolio, making the stock its 28th largest holding. XY Capital Ltd’s holdings in Weibo were worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WB. Krane Funds Advisors LLC lifted its stake in shares of Weibo by 25.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 4,676,063 shares of the information services provider’s stock valued at $57,983,000 after purchasing an additional 934,898 shares during the period. UBS Group AG grew its position in Weibo by 102.8% during the third quarter. UBS Group AG now owns 1,377,705 shares of the information services provider’s stock valued at $17,084,000 after buying an additional 698,521 shares during the period. JPMorgan Chase & Co. increased its holdings in Weibo by 497.1% in the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock valued at $6,865,000 after buying an additional 599,700 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Weibo by 99.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,801 shares of the information services provider’s stock valued at $12,968,000 after buying an additional 522,400 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Weibo in the third quarter worth about $4,194,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weibo in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Weibo presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Weibo Price Performance

Weibo stock opened at $9.75 on Friday. The company’s fifty day moving average price is $10.32 and its 200 day moving average price is $10.81. Weibo Corporation has a 1 year low of $7.10 and a 1 year high of $12.96. The stock has a market capitalization of $2.38 billion, a P/E ratio of 5.54, a P/E/G ratio of 5.19 and a beta of 0.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.35 and a current ratio of 3.35.

About Weibo

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.