Weibo (NASDAQ:WB) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Weibo (NASDAQ:WB) issued its quarterly earnings data on Wednesday. The information services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07), FiscalAI reports. Weibo had a net margin of 26.58% and a return on equity of 11.79%. The firm had revenue of $473.26 million during the quarter, compared to analyst estimates of $444.28 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year.

Weibo Stock Performance

Shares of Weibo stock opened at $9.15 on Wednesday. The business has a 50-day simple moving average of $10.28 and a 200-day simple moving average of $10.78. The company has a market cap of $2.24 billion, a PE ratio of 5.23, a P/E/G ratio of 5.19 and a beta of 0.13. Weibo has a one year low of $7.10 and a one year high of $12.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.35 and a current ratio of 3.35.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Weibo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FIL Ltd purchased a new position in Weibo in the fourth quarter valued at $16,693,000. UBS Group AG raised its position in shares of Weibo by 102.8% during the 3rd quarter. UBS Group AG now owns 1,377,705 shares of the information services provider’s stock worth $17,084,000 after acquiring an additional 698,521 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Weibo by 497.1% during the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock worth $6,865,000 after purchasing an additional 599,700 shares during the last quarter. First Trust Advisors LP acquired a new position in Weibo in the third quarter valued at approximately $4,194,000. Finally, Marshall Wace LLP purchased a new position in Weibo in the second quarter valued at approximately $2,502,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Company 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.