Weibo Co. (NASDAQ:WB – Get Free Report) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.28.
Several equities research analysts have recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.
Check Out Our Latest Stock Analysis on Weibo
Weibo Price Performance
Hedge Funds Weigh In On Weibo
A number of institutional investors have recently modified their holdings of WB. Blue Trust Inc. boosted its stake in Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after buying an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Weibo in the fourth quarter valued at approximately $70,000. Creative Planning acquired a new position in Weibo during the third quarter worth approximately $112,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Weibo by 17.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock worth $134,000 after purchasing an additional 1,970 shares during the period. Finally, Diversified Trust Co acquired a new position in shares of Weibo in the 3rd quarter valued at $194,000. Institutional investors and hedge funds own 68.77% of the company’s stock.
About Weibo
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.
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