Aperio Group LLC increased its position in Weibo Corporation (NASDAQ:WB) by 48.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,610 shares of the information services provider’s stock after buying an additional 11,019 shares during the period. Aperio Group LLC’s holdings in Weibo Corporation were worth $2,234,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its position in shares of Weibo Corporation by 965.3% in the first quarter. BNP Paribas Arbitrage SA now owns 87,734 shares of the information services provider’s stock valued at $4,578,000 after buying an additional 79,498 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Weibo Corporation during the first quarter valued at about $2,243,000. Lazard Asset Management LLC boosted its position in shares of Weibo Corporation by 133.6% in the first quarter. Lazard Asset Management LLC now owns 26,400 shares of the information services provider’s stock valued at $1,377,000 after buying an additional 15,100 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Weibo Corporation by 55,465.9% in the first quarter. Macquarie Group Ltd. now owns 905,168 shares of the information services provider’s stock valued at $47,233,000 after buying an additional 903,539 shares in the last quarter. Finally, Green Court Capital Management Ltd acquired a new position in shares of Weibo Corporation during the second quarter valued at about $4,821,000. Institutional investors own 16.79% of the company’s stock.
Shares of Weibo Corporation (WB) traded up 0.2665% on Tuesday, reaching $86.4899. 2,170,372 shares of the company were exchanged. Weibo Corporation has a 12 month low of $34.08 and a 12 month high of $88.88. The stock has a market cap of $17.93 billion, a PE ratio of 131.4436 and a beta of 2.66.
Weibo Corporation (NASDAQ:WB) last issued its quarterly earnings results on Tuesday, May 16th. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $188.29 million. Weibo Corporation had a net margin of 20.10% and a return on equity of 20.00%. The business’s quarterly revenue was up 67.0% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. On average, equities research analysts forecast that Weibo Corporation will post $1.50 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “buy” rating on shares of Weibo Corporation in a research report on Monday, June 26th. T.H. Capital reissued a “buy” rating and issued a $70.00 target price (up from $60.00) on shares of Weibo Corporation in a research report on Tuesday, May 9th. Zacks Investment Research downgraded shares of Weibo Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Vetr downgraded shares of Weibo Corporation from a “strong-buy” rating to a “buy” rating and set a $65.50 target price on the stock. in a research report on Monday, May 8th. Finally, Benchmark Co. assumed coverage on shares of Weibo Corporation in a research report on Tuesday, April 18th. They issued a “buy” rating and a $65.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Weibo Corporation presently has a consensus rating of “Buy” and an average price target of $66.95.
Weibo Corporation 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.
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