According to Bloomberg Ratings, the eleven different research firms currently covering Weibo Co. have collectively assigned an average rating of “Hold” to the stock (NASDAQ: WB). One of the equity research experts recommended the stock to sell. In contrast, the remaining five recommended holding it, and two equity research experts recommended buying it. The average price objective for the stock over the next year, established by brokers who rated the stock in the previous year, is $31.70. This price objective was established by brokers who rated the stock the previous year. The target price for the stock was determined to be this.
Several research analysts working on the project have written and distributed recent reports on the company. In a research report published on September 1st, Benchmark announced that they would be lowering their target price for Weibo from $39.00 to $32.00. The first mention of Weibo in a research note was made by Deutsche Bank Aktiengesellschaft on September 5th, when they published that note and discussed the platform for the first time. They recommended that shareholders “hold” their shares of the company. Weibo was the topic of a research note written and distributed by StockNews.com for the first time on Wednesday, October 12th. They recommended that shareholders “hold” their shares of the company. In a research note made public by HSBC on September 2nd, the price objective for Weibo was decreased from $26.00 to $22.00, and the company was given a “hold” rating. Jefferies Financial Group lowered its price objective on Weibo from $37.00 to $32.60 in a research report made public on Tuesday, October 18th. This was the third and final change, and it was also the most significant.
On Friday, shares of NASDAQ: WB started trading at $17.59 each when the market opened. During the previous year, Weibo’s price ranged from $10.02 to $36.51, with a high of $36.51 and a low of $10.02. The company has a price-to-earnings ratio of 67.66, an earnings growth price-to-earnings ratio of 0.83, and a beta value of 0.62. All of these metrics relate to the company’s stock price. It is currently estimated that the company has a market capitalization of $4.16 billion. All three of these ratios, the current, quick, and debt-to-equity ratios, come in at 2.33, while the debt-to-equity ratio sits at 0.48. The stock’s moving averages for the past 50 and 200 days are currently at $14.25 and $18.03, respectively. The 50-day moving average is currently higher.
During the most recent period, several hedge funds and other institutional investors have been actively buying and selling WB stock. E Fund Management Hong Kong Co. Ltd. increased the amount of Weibo stock held by 137.7% over the year’s first three months. E Fund Management Hong Kong Co. Ltd. now holds 36,973 shares of the information services provider’s stock after purchasing an additional 21,420 shares during the most recent period. The stock has a value of $880,000, and E Fund Management Hong Kong Co. Ltd., The most recent period, encompasses the acquisition of these shares. During the first three months of the current fiscal year, Envestnet Asset Management Inc. increased the percentage of capital it had invested in Weibo by 18.5%. Envestnet Asset Management Inc. now has a total of 11,899 shares of the information services provider’s stock after making an additional purchase of 1,861 shares during the quarter. The stock is currently valued at a combined total of $292,000. The percentage of Weibo ownership that Advisor Group Holdings Inc. possessed increased by 88.9% over the first three months of 2018. As a result of the acquisition of 651 additional shares throughout the relevant period, Advisor Group Holdings Inc. now directly owns 1,383 shares of the information services provider’s stock, which have a value of $35,000. This is thanks to the fact that the company acquired additional shares during the period in question. Over the first three months of this year, the Swiss National Bank increased its holdings on Weibo by 15.9%. The Swiss National Bank now holds 154,823 shares of the information services provider’s stock, which are currently valued at $3,795,000 following the acquisition of an additional 21,200 shares during the period. These shares were purchased during the period.
In conclusion, Mirae Asset Global Investments Co. Ltd. increased the proportion of Weibo shares that it owned by 3.0% over the year’s first three months. Because of the purchase of 1,460 additional shares during the period, Mirae Asset Global Investments Co. Ltd. now directly owns 49,708 shares of the information services provider’s stock, which has a value of $1,219,000. This brings the total number of shares owned by the company to 50,080. Institutional investors and those who invest through hedge funds collectively own 29.08% of the company’s current shares.
Weibo Corporation can provide its users in the People’s Republic of China with a social media platform that enables the creation of content, the dissemination of that content, and the discovery of new content thanks to the subsidiaries it has established. The provision of value-added services and advertising and marketing services are the two primary areas in which the company focuses its commercial activities. Users of the company’s platform can express themselves through self-expression goods, discovery products that assist users in finding information through the use of the platform, and social products that promote user engagement through the use of the company’s platform. All of these capabilities are provided by the company.
Read More: Analysts’ consensus recommendation for Weibo Co. (NASDAQ:WB) is “Hold.”