Wipfli Financial Advisors LLC Takes Position in Weibo Co. (NASDAQ:WB)

Wipfli Financial Advisors LLC acquired a new stake in shares of Weibo Co. (NASDAQ:WB – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,495 shares of the information services provider’s stock, valued at approximately $26,000.

Several other hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in shares of Weibo by 88.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 651 shares in the last quarter. Pinebridge Investments L.P. grew its position in shares of Weibo by 404.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,024 shares of the information services provider’s stock valued at $70,000 after buying an additional 2,424 shares during the last quarter. Janiczek Wealth Management LLC grew its position in Weibo by 362.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 4,895 shares of the information services provider’s stock worth $72,000 after purchasing an additional 3,836 shares during the last quarter. Quadrant Capital Group LLC grew its position in Weibo by 164.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,502 shares of the information services provider’s stock worth $81,000 after purchasing an additional 2,178 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Weibo by 17.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 4,086 shares of the information services provider’s stock worth $95,000 after purchasing an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 27.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on WB shares. Jefferies Financial Group lowered their price objective on shares of Weibo from $37.00 to $32.60 in a research report on Tuesday, October 18th. The Goldman Sachs Group raised shares of Weibo from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Sunday, January 8th. Finally, StockNews.com assumed coverage on shares of Weibo in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.14.

Weibo Stock Performance

Shares of WB opened at $22.02 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.21 billion, a P/E ratio of 84.70, a PEG ratio of 1.01 and a beta of 0.51. The company has a 50-day moving average of $17.66 and a two-hundred day moving average of $17.48. Weibo Co. has a 12-month low of $10.02 and a 12-month high of $35.16.

Weibo (NASDAQ:WB – Get Rating) last announced its earnings results on Thursday, November 17th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $453.56 million during the quarter, compared to analysts’ expectations of $467.31 million. Weibo had a net margin of 2.96% and a return on equity of 11.40%. As a group, research analysts predict that Weibo Co. will post 1.86 EPS for the current fiscal year.

Weibo Company Profile

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Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.