Geode Capital Management LLC Purchases 8,219 Shares of Weibo Corp (WB)

Geode Capital Management LLC boosted its position in Weibo Corp (NASDAQ:WB) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,440 shares of the information services provider’s stock after acquiring an additional 8,219 shares during the period. Geode Capital Management LLC’s holdings in Weibo were worth $11,582,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its stake in Weibo by 70.2% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after buying an additional 743 shares during the period. Calton & Associates Inc. acquired a new position in Weibo in the fourth quarter valued at about $246,000. Sequoia Financial Advisors LLC acquired a new position in Weibo in the fourth quarter valued at about $203,000. Ipswich Investment Management Co. Inc. acquired a new position in Weibo in the fourth quarter valued at about $208,000. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in Weibo in the fourth quarter valued at about $218,000. Institutional investors and hedge funds own 22.40% of the company’s stock.

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Several research firms have weighed in on WB. BidaskClub lowered Weibo from a “strong-buy” rating to a “buy” rating in a research note on Friday. Jefferies Group increased their target price on Weibo to $160.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. ValuEngine raised Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, JPMorgan Chase increased their target price on Weibo from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Weibo currently has an average rating of “Buy” and a consensus target price of $124.50.

NASDAQ WB opened at $113.60 on Friday. The stock has a market cap of $25,689.93, a PE ratio of 72.82 and a beta of 2.60. The company has a current ratio of 4.22, a quick ratio of 2.23 and a debt-to-equity ratio of 0.74. Weibo Corp has a one year low of $48.82 and a one year high of $142.12.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. Weibo had a return on equity of 35.57% and a net margin of 30.66%. Weibo’s revenue was up 77.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. research analysts anticipate that Weibo Corp will post 2.58 earnings per share for the current fiscal year.

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Weibo Profile

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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Institutional Ownership by Quarter for Weibo (NASDAQ:WB)

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