Two Sigma Advisers LP decreased its holdings in shares of Weibo Corp (NASDAQ:WB) by 24.7% in the 4th quarter, Holdings Channel reports. The firm owned 796,538 shares of the information services provider’s stock after selling 261,774 shares during the period. Two Sigma Advisers LP’s holdings in Weibo were worth $82,410,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in WB. Neumann Advisory Hong Kong Ltd bought a new stake in Weibo during the fourth quarter worth $24,831,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Weibo by 13.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,045 shares of the information services provider’s stock worth $1,246,000 after acquiring an additional 1,400 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Weibo by 740.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,335 shares of the information services provider’s stock worth $2,705,000 after acquiring an additional 24,083 shares in the last quarter. Bank of New York Mellon Corp raised its position in Weibo by 9.8% during the third quarter. Bank of New York Mellon Corp now owns 178,511 shares of the information services provider’s stock worth $17,661,000 after acquiring an additional 15,915 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Weibo during the third quarter worth $1,640,000. Institutional investors and hedge funds own 22.40% of the company’s stock.
Several analysts have issued reports on the stock. BidaskClub raised shares of Weibo from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Barclays increased their price objective on shares of Weibo to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, January 10th. Jefferies Group increased their price objective on shares of Weibo to $160.00 and gave the company a “buy” rating in a research report on Tuesday. ValuEngine raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Weibo from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Weibo currently has an average rating of “Buy” and a consensus target price of $124.50.
Weibo (NASDAQ:WB) last issued its quarterly earnings data on Tuesday, February 13th. The information services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. Weibo had a net margin of 30.66% and a return on equity of 35.57%. The company’s revenue was up 77.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. sell-side analysts predict that Weibo Corp will post 2.57 EPS for the current fiscal year.
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.
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