SG Americas Securities LLC decreased its position in Weibo Corp (NASDAQ:WB) by 71.7% during the 4th quarter, Holdings Channel reports. The firm owned 7,815 shares of the information services provider’s stock after selling 19,781 shares during the period. SG Americas Securities LLC’s holdings in Weibo were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. NEXT Financial Group Inc lifted its position in shares of Weibo by 9,900.0% during the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after acquiring an additional 990 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in shares of Weibo in the third quarter worth $105,000. Risk Paradigm Group LLC purchased a new stake in shares of Weibo in the third quarter worth $109,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Weibo in the fourth quarter worth $208,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of Weibo in the third quarter worth $220,000. Hedge funds and other institutional investors own 22.14% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Weibo from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays reiterated an “overweight” rating and issued a $150.00 price objective on shares of Weibo in a research report on Wednesday. Benchmark increased their price objective on Weibo from $110.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub upgraded Weibo from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Weibo from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $117.68.
Weibo (NASDAQ:WB) last released its earnings results on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $377.40 million for the quarter, compared to analysts’ expectations of $362.04 million. Weibo had a return on equity of 35.57% and a net margin of 30.66%. The firm’s revenue was up 77.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. equities analysts forecast that Weibo Corp will post 2.57 EPS for the current year.
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Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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