Shares of Weibo Corp (NASDAQ:WB) fell 1.4% during mid-day trading on Thursday . The stock traded as low as $56.44 and last traded at $55.71. 274,424 shares traded hands during trading, a decline of 88% from the average session volume of 2,211,846 shares. The stock had previously closed at $56.50.

Several research firms have issued reports on WB. BidaskClub lowered Weibo from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. ValuEngine lowered Weibo from a “sell” rating to a “strong sell” rating in a report on Thursday. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price target on shares of Weibo in a report on Tuesday, July 24th. OTR Global began coverage on Weibo in a report on Monday, August 6th. They set a “positive” rating for the company. Finally, Zacks Investment Research lowered Weibo from a “buy” rating to a “hold” rating in a report on Sunday, July 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $131.71.

The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 38.23 and a beta of 2.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.97 and a quick ratio of 3.97.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $426.60 million during the quarter, compared to analyst estimates of $426.54 million. Weibo had a return on equity of 37.75% and a net margin of 32.03%. The business’s quarterly revenue was up 68.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. As a group, equities analysts predict that Weibo Corp will post 2.54 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in Weibo during the second quarter valued at approximately $101,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Weibo by 43.8% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the information services provider’s stock valued at $204,000 after buying an additional 700 shares during the last quarter. BB&T Securities LLC bought a new position in Weibo during the first quarter valued at approximately $284,000. AdvisorNet Financial Inc boosted its stake in Weibo by 2,580.0% during the second quarter. AdvisorNet Financial Inc now owns 2,680 shares of the information services provider’s stock valued at $238,000 after buying an additional 2,580 shares during the last quarter. Finally, Yorktown Management & Research Co Inc bought a new position in Weibo during the second quarter valued at approximately $240,000. 27.49% of the stock is owned by hedge funds and other institutional investors.

Weibo Company Profile (NASDAQ:WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

See Also: Growth Stocks, What They Are, What They Are Not

Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.