Weibo Corporation Target of Unusually Large Options Trading (WB)

Weibo Corporation (NASDAQ:WB) was the target of unusually large options trading on Tuesday. Stock investors purchased 365 put options on the stock. This is an increase of 140% compared to the typical daily volume of 152 put options.

Shares of Weibo Corporation (NASDAQ:WB) traded up 5.16% during trading on Monday, reaching $74.77. The company’s stock had a trading volume of 1,762,336 shares. The stock has a 50 day moving average of $69.87 and a 200-day moving average of $54.30. The company has a market capitalization of $15.50 billion, a PE ratio of 113.63 and a beta of 2.62. Weibo Corporation has a 1-year low of $26.01 and a 1-year high of $82.28.

Weibo Corporation (NASDAQ:WB) last posted its earnings results on Tuesday, May 16th. The information services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Weibo Corporation had a return on equity of 20.00% and a net margin of 20.10%. The company had revenue of $199.20 million for the quarter, compared to the consensus estimate of $188.29 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 67.0% on a year-over-year basis. On average, analysts expect that Weibo Corporation will post $1.51 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Weibo Corporation during the first quarter worth approximately $324,000. Alta Advisers Ltd increased its stake in Weibo Corporation by 5.0% in the first quarter. Alta Advisers Ltd now owns 2,100 shares of the information services provider’s stock worth $110,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Weibo Corporation during the first quarter worth approximately $162,000. Advisors Preferred LLC increased its stake in Weibo Corporation by 833.0% in the third quarter. Advisors Preferred LLC now owns 3,107 shares of the information services provider’s stock worth $156,000 after buying an additional 2,774 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Weibo Corporation by 183.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,774 shares of the information services provider’s stock worth $153,000 after buying an additional 2,443 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

Several analysts have recently issued reports on WB shares. TheStreet raised Weibo Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Jefferies Group LLC restated a “buy” rating and set a $67.00 price target on shares of Weibo Corporation in a report on Tuesday, March 28th. Zacks Investment Research upgraded Weibo Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Thursday, April 27th. Benchmark Co. assumed coverage on Weibo Corporation in a report on Tuesday, April 18th. They set a “buy” rating and a $65.00 price target on the stock. Finally, T.H. Capital restated a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Weibo Corporation in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Weibo Corporation currently has a consensus rating of “Buy” and a consensus price target of $66.95.

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About Weibo Corporation

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

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