Weibo (NASDAQ:WB) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Weibo Co. (NASDAQ:WB)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.61 and traded as high as $9.94. Weibo shares last traded at $9.78, with a volume of 1,109,974 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.75.

Weibo Price Performance

The stock has a fifty day moving average of $8.61 and a two-hundred day moving average of $9.51. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 6.70 and a beta of 0.10. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo (NASDAQ:WB) last announced its quarterly earnings data on Wednesday, May 21st. The information services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Weibo had a net margin of 21.30% and a return on equity of 11.03%. The firm had revenue of $396.86 million during the quarter, compared to analysts’ expectations of $394.21 million. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Weibo Co. will post 1.62 earnings per share for the current year.

Institutional Trading of Weibo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP purchased a new stake in shares of Weibo in the first quarter valued at about $1,139,000. AQR Capital Management LLC purchased a new stake in shares of Weibo in the first quarter valued at about $117,000. Hhlr Advisors LTD. purchased a new stake in shares of Weibo in the first quarter valued at about $947,000. Resolute Advisors LLC purchased a new stake in shares of Weibo in the first quarter valued at about $208,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Weibo in the first quarter valued at about $656,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.