Weibo Co. (NASDAQ:WB) Receives Average Recommendation of “Hold” from Analysts

Weibo Co. (NASDAQ:WB) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.28.

Several equities analysts have commented on the company. Benchmark reiterated a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Weibo Stock Performance

Shares of NASDAQ WB opened at $10.01 on Monday. The business’s 50-day simple moving average is $9.99 and its 200-day simple moving average is $9.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. Weibo has a 52 week low of $7.03 and a 52 week high of $12.40. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 6.86 and a beta of 0.26.

Hedge Funds Weigh In On Weibo

Several large investors have recently bought and sold shares of the stock. RPD Fund Management LLC acquired a new stake in shares of Weibo during the 4th quarter worth approximately $19,115,000. Norges Bank bought a new position in Weibo in the fourth quarter worth $11,274,000. Wellington Management Group LLP boosted its stake in Weibo by 1,641.9% during the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider’s stock worth $10,013,000 after buying an additional 988,327 shares in the last quarter. Woodline Partners LP bought a new stake in Weibo in the 4th quarter valued at $6,853,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Weibo in the 4th quarter valued at $6,133,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Company Profile

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.