Weibo (NASDAQ:WB) Reaches New 1-Year Low – What’s Next?

Weibo Corporation (NASDAQ:WB)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.06 and last traded at $8.2370, with a volume of 125647 shares changing hands. The stock had previously closed at $8.12.

Analyst Ratings Changes

Separately, Weiss Ratings cut Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

Weibo Price Performance

The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.00 billion, a P/E ratio of 4.83, a price-to-earnings-growth ratio of 4.26 and a beta of 0.22. The stock has a 50 day moving average of $8.82 and a 200-day moving average of $9.81.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Thursday, March 19th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.07). Weibo had a return on equity of 10.63% and a net margin of 25.55%.The firm had revenue of $473.26 million for the quarter, compared to analysts’ expectations of $444.28 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Weibo Corporation will post 1.45 earnings per share for the current fiscal year.

Weibo Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, April 17th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 690.0%. Weibo’s payout ratio is currently 34.71%.

Hedge Funds Weigh In On Weibo

Several institutional investors and hedge funds have recently modified their holdings of WB. AQR Capital Management LLC purchased a new stake in shares of Weibo in the first quarter valued at approximately $117,000. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 599,700 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Weibo in the second quarter valued at $2,502,000. Daiwa Securities Group Inc. purchased a new position in Weibo in the second quarter valued at $61,000. Finally, Raymond James Financial Inc. increased its holdings in Weibo by 139.5% in the second quarter. Raymond James Financial Inc. now owns 47,852 shares of the information services provider’s stock valued at $456,000 after buying an additional 27,868 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

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.