Brokerages Set Weibo Co. (NASDAQ:WB) Target Price at $10.28

Weibo Co. (NASDAQ:WBGet 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

Shares of WB opened at $9.82 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. Weibo has a 1-year low of $7.03 and a 1-year high of $12.40. The stock has a market cap of $2.38 billion, a PE ratio of 6.73 and a beta of 0.26. The firm has a fifty day moving average price of $9.69 and a 200 day moving average price of $8.89.

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

(Get Free Report

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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Analyst Recommendations for Weibo (NASDAQ:WB)

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