Weibo (NASDAQ:WB) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Weibo (NASDAQ:WB) from a hold rating to a buy rating in a research report sent to investors on Thursday, November 9th.

WB has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Weibo from a hold rating to a strong-buy rating and set a $95.00 price target on the stock in a report on Tuesday, August 15th. Barclays set a $100.00 target price on shares of Weibo and gave the company an overweight rating in a research note on Friday, August 11th. Instinet reissued a buy rating and issued a $102.00 target price (up previously from $91.00) on shares of Weibo in a research note on Friday, August 11th. Jefferies Group cut their target price on shares of Weibo from $105.00 to $82.00 and set a buy rating on the stock in a research note on Thursday, August 10th. Finally, Citigroup reaffirmed a buy rating and set a $126.00 price target (up previously from $102.00) on shares of Weibo in a research note on Thursday, September 14th. Ten investment analysts have rated the stock with a buy rating, Weibo presently has an average rating of Buy and a consensus price target of $93.39.

Weibo (NASDAQ:WB) traded up $1.64 during mid-day trading on Thursday, hitting $116.01. 1,389,467 shares of the stock traded hands, compared to its average volume of 2,026,172. The firm has a market capitalization of $25,990.79, a price-to-earnings ratio of 99.57 and a beta of 2.50. Weibo has a twelve month low of $40.12 and a twelve month high of $123.00.

Weibo (NASDAQ:WB) last announced its earnings results on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $320.00 million for the quarter, compared to analyst estimates of $297.20 million. Weibo had a net margin of 26.85% and a return on equity of 30.00%. Weibo’s revenue was up 80.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. analysts predict that Weibo will post 1.49 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Steinberg Global Asset Management boosted its stake in Weibo by 0.6% during the 2nd quarter. Steinberg Global Asset Management now owns 7,249 shares of the information services provider’s stock valued at $482,000 after purchasing an additional 46 shares during the period. 1st Global Advisors Inc. boosted its stake in Weibo by 1.8% during the 2nd quarter. 1st Global Advisors Inc. now owns 8,444 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 150 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Weibo by 5.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,252 shares of the information services provider’s stock worth $216,000 after buying an additional 155 shares in the last quarter. Aviva PLC raised its position in shares of Weibo by 7.9% during the 2nd quarter. Aviva PLC now owns 6,150 shares of the information services provider’s stock worth $409,000 after buying an additional 450 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Weibo by 14.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,413 shares of the information services provider’s stock worth $436,000 after buying an additional 542 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/weibo-corporation-wb-upgraded-by-bidaskclub-to-buy/1770951.html.

Weibo Company Profile

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.

Analyst Recommendations for Weibo (NASDAQ:WB)

Receive News & Ratings for Weibo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.