Weibo (NASDAQ:WB) Hits New 52-Week Low – Should You Sell?

Weibo Corporation (NASDAQ:WB)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $7.73 and last traded at $7.7960, with a volume of 133263 shares changing hands. The stock had previously closed at $8.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Weibo from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Weibo Stock Down 3.3%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market cap of $1.91 billion, a P/E ratio of 4.57, a P/E/G ratio of 4.23 and a beta of 0.22. The stock has a 50 day moving average price of $8.57 and a 200 day moving average price of $9.65.

Weibo (NASDAQ:WB) last announced its earnings results on Thursday, March 19th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). The firm had revenue of $473.26 million for the quarter, compared to the consensus estimate of $444.28 million. Weibo had a net margin of 25.55% and a return on equity of 10.63%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. Research analysts expect that Weibo Corporation will post 1.45 earnings per share for the current fiscal year.

Weibo Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 17th were given a dividend of $0.61 per share. The ex-dividend date was Friday, April 17th. This represents a dividend yield of 690.0%. Weibo’s dividend payout ratio (DPR) is 34.71%.

Institutional Trading of Weibo

Hedge funds and other institutional investors have recently made changes to their positions in the business. FIL Ltd acquired a new stake in Weibo during the fourth quarter valued at approximately $16,693,000. Krane Funds Advisors LLC grew its position in Weibo by 25.0% in the third quarter. Krane Funds Advisors LLC now owns 4,676,063 shares of the information services provider’s stock worth $57,983,000 after buying an additional 934,898 shares during the last quarter. UBS Group AG increased its holdings in shares of Weibo by 102.8% in the third quarter. UBS Group AG now owns 1,377,705 shares of the information services provider’s stock valued at $17,084,000 after buying an additional 698,521 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Weibo by 497.1% in the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock valued at $6,865,000 after buying an additional 599,700 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Weibo by 99.8% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,801 shares of the information services provider’s stock valued at $12,968,000 after acquiring an additional 522,400 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors.

About Weibo

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.