Weibo Corporation (WB) Getting Somewhat Positive Media Coverage, Report Finds

Paterniano Del Favero
Agosto 9, 2017

Analysts expect Weibo Corp (ADR) (NASDAQ:WB) to report $0.31 EPS on August, 14.They anticipate $0.19 EPS change or 158.33% from last quarter's $0.12 EPS. The fund owned 36,798 shares of the information services provider's stock after buying an additional 1,330 shares during the period. Harding Loevner LP increased its position in Weibo Corporation by 128.1% in the first quarter. Institutional investors and hedge funds own 16.75% of the company's stock. Acadian Asset Management LLC increased its position in Weibo Corporation by 30.2% in the second quarter. Comerica Bank boosted its stake in shares of Weibo Corporation by 1.7% in the first quarter. State Street Corp now owns 513,031 shares of the information services provider's stock worth $26,771,000 after buying an additional 63,983 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Weibo Corporation by 183.5% in the fourth quarter. Macquarie Group Ltd. now owns 905,168 shares of the information services provider's stock worth $47,233,000 after buying an additional 903,539 shares during the period. Catamount Wealth Management bought a new position in Weibo Corporation during the second quarter valued at $113,000. William Blair Investment Management LLC purchased a new stake in shares of Weibo Corporation during the first quarter worth about $56,068,000. The average volume of a stock suggests the liquidity of a particular company.

Shares of Weibo Corporation (WB) traded up 0.63% during mid-day trading on Thursday, reaching $78.77. 1,812,316 shares of the company were exchanged.

The stock's 50 day moving average is 0.00 and its 200 day moving average is 0.00. The company has a market capitalization of $16.23 billion, a P/E ratio of 118.97 and a beta of 2.66. Weibo Corporation's average EBITDA per Share Growth Rate was 275.2 percent during the past 12 months.

Weibo Corporation (NASDAQ:WB) last posted its quarterly earnings data on Tuesday, May 16th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Weibo Corp had a net margin of 23.41% and a return on equity of 24.01%. The company's revenue was up 67.0% compared to the same quarter previous year. Analysts predict that Weibo Corporation will post $1.50 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was stolen and republished in violation of worldwide copyright and trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/08/08/creative-planning-has-2-45-million-stake-in-weibo-corporation-nasdaqwb-updated-updated-updated.html. (AIG) is 1.53 while the analysts predicted the EPS of the stock to be 1.2 suggesting the company fell short of the analysts' expectations. BidaskClub downgraded Weibo Corporation from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 30th. Barclays PLC reaffirmed an "overweight" rating and set a $85.00 target price (up from $66.00) on shares of Weibo Corporation in a research note on Wednesday, May 17th.

Ratings analysis reveals 67% of Weibo Corp's analysts are positive. They now have a $82.00 price objective on the information services provider's stock. Zacks Investment Research downgraded Weibo Corporation from a "buy" rating to a "hold" rating in a report on Wednesday, May 3rd. Jefferies Group LLC restated a "buy" rating and set a $82.00 price objective on shares of Weibo Corporation in a research report on Thursday, July 27th. Then see the current price relative to the highest moving average and you will have a "back of the envelope" technical indicator in your back pocket for any stock at any time.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. It operates in two divisions: advertising and marketing services and other services.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE