Weibo (NASDAQ:WB) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Weibo (NASDAQ:WB – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the information services provider’s stock.

A number of other analysts have also weighed in on WB. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. started coverage on Weibo in a research report on Monday, January 30th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.86.

Weibo Stock Down 3.0 %

NASDAQ:WB opened at $16.11 on Thursday. The company has a quick ratio of 2.33, a current ratio of 3.73 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average is $21.02 and its two-hundred day moving average is $17.83. Weibo has a 52 week low of $10.02 and a 52 week high of $28.40. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.52.

Hedge Funds Weigh In On Weibo

Large investors have recently bought and sold shares of the stock. Wipfli Financial Advisors LLC acquired a new position in Weibo in the third quarter valued at $26,000. Lindbrook Capital LLC boosted its stake in shares of Weibo by 82.6% during the fourth quarter. Lindbrook Capital LLC now owns 1,497 shares of the information services provider’s stock worth $29,000 after buying an additional 677 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Weibo by 88.9% during the first quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider’s stock worth $35,000 after buying an additional 651 shares during the period. Janiczek Wealth Management LLC boosted its stake in shares of Weibo by 362.2% during the third quarter. Janiczek Wealth Management LLC now owns 4,895 shares of the information services provider’s stock worth $72,000 after buying an additional 3,836 shares during the period. Finally, Boston Partners acquired a new stake in shares of Weibo during the third quarter worth about $76,000. Institutional investors and hedge funds own 27.46% of the company’s stock.

About Weibo

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Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.