Equities analysts expect Weibo Corp (NASDAQ:WB) to report sales of $364.81 million for the current quarter, Zacks reports. Two analysts have made estimates for Weibo’s earnings, with the highest sales estimate coming in at $366.00 million and the lowest estimate coming in at $363.61 million. Weibo posted sales of $212.75 million in the same quarter last year, which suggests a positive year over year growth rate of 71.5%. The company is expected to issue its next earnings report before the market opens on Tuesday, February 13th.

On average, analysts expect that Weibo will report full-year sales of $364.81 million for the current year. For the next financial year, analysts anticipate that the business will post sales of $1.75 billion per share, with estimates ranging from $1.69 billion to $1.82 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Weibo.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $320.00 million for the quarter, compared to analysts’ expectations of $297.20 million. Weibo had a return on equity of 30.00% and a net margin of 26.85%. The company’s revenue for the quarter was up 80.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS.

A number of equities analysts have issued reports on the company. BidaskClub upgraded Weibo from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Barclays increased their price target on Weibo to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, January 10th. ValuEngine cut Weibo from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Weibo from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Finally, UBS Group initiated coverage on Weibo in a report on Tuesday, January 2nd. They set a “buy” rating and a $125.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $104.85.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Harding Loevner LP lifted its holdings in shares of Weibo by 2,621.2% in the 3rd quarter. Harding Loevner LP now owns 95,403,043 shares of the information services provider’s stock worth $476,760,000 after purchasing an additional 91,897,142 shares in the last quarter. BlackRock Inc. lifted its stake in Weibo by 15.0% during the 4th quarter. BlackRock Inc. now owns 3,251,990 shares of the information services provider’s stock valued at $336,452,000 after acquiring an additional 425,313 shares in the last quarter. Schroder Investment Management Group lifted its stake in Weibo by 31.1% during the 3rd quarter. Schroder Investment Management Group now owns 2,300,656 shares of the information services provider’s stock valued at $225,672,000 after acquiring an additional 545,683 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Weibo by 16.0% during the 4th quarter. Acadian Asset Management LLC now owns 1,994,583 shares of the information services provider’s stock valued at $206,361,000 after acquiring an additional 274,466 shares in the last quarter. Finally, BT Investment Management Ltd lifted its stake in Weibo by 1.3% during the 4th quarter. BT Investment Management Ltd now owns 1,036,377 shares of the information services provider’s stock valued at $107,224,000 after acquiring an additional 13,549 shares in the last quarter. Institutional investors own 22.14% of the company’s stock.

Weibo (WB) traded up $2.96 during trading on Friday, hitting $118.31. The company’s stock had a trading volume of 2,440,900 shares, compared to its average volume of 1,989,613. The company has a market cap of $27,950.00, a PE ratio of 101.12 and a beta of 2.63. Weibo has a 52-week low of $47.36 and a 52-week high of $136.19.

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Weibo Company 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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