Aviva PLC Grows Stock Holdings in Weibo Co. (NASDAQ:WB)

Aviva PLC lifted its position in shares of Weibo Co. (NASDAQ:WB – Get Rating) by 12.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,159 shares of the information services provider’s stock after buying an additional 4,800 shares during the quarter. Aviva PLC’s holdings in Weibo were worth $806,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WB. Advisor Group Holdings Inc. lifted its stake in Weibo by 88.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider’s stock worth $35,000 after purchasing an additional 651 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Weibo by 82.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,497 shares of the information services provider’s stock worth $29,000 after purchasing an additional 677 shares in the last quarter. US Bancorp DE lifted its stake in Weibo by 124.7% in the 1st quarter. US Bancorp DE now owns 5,512 shares of the information services provider’s stock worth $135,000 after purchasing an additional 3,059 shares in the last quarter. Wetherby Asset Management Inc. purchased a new stake in Weibo in the 1st quarter worth $227,000. Finally, Quadrant Capital Group LLC lifted its stake in Weibo by 171.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,496 shares of the information services provider’s stock worth $162,000 after purchasing an additional 5,994 shares in the last quarter. Hedge funds and other institutional investors own 27.46% of the company’s stock.

Wall Street Analysts Forecast Growth

WB has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Weibo in a research note on Thursday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Weibo in a report on Monday, January 30th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.90.

Weibo Stock Performance

Weibo stock opened at $16.80 on Monday. The company has a market cap of $3.93 billion, a PE ratio of 46.67, a price-to-earnings-growth ratio of 0.78 and a beta of 0.51. Weibo Co. has a twelve month low of $10.02 and a twelve month high of $25.57. The company’s 50-day moving average price is $17.28 and its 200-day moving average price is $18.27. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.72.

Weibo (NASDAQ:WB – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The information services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.44 by $0.21. The company had revenue of $448.00 million for the quarter, compared to the consensus estimate of $438.61 million. Weibo had a net margin of 4.66% and a return on equity of 12.79%. On average, equities research analysts forecast that Weibo Co. will post 1.86 EPS for the current fiscal year.

Weibo Company Profile

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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. The company was founded in August 2009 and is headquartered in Beijing, China.