Weibo (NASDAQ:WB) Stock Upgrade
In recent note revealed to investors and clients on Thursday morning, Morgan Stanley raised shares of Weibo (NASDAQ:WB) to a solid Overweight rating from their previous Equal-Weight rating.
From a total of 10 analysts covering Weibo Corp (NASDAQ:WB) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $23 while the lowest target price is $16. The mean of all analyst targets is $20.89 with a 0.20% above today’s ($19.96) stock price. Weibo Corp was the topic of 8 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. TH Capital maintained shares on November 17 with “Buy” rating. Zacks upgraded WB stock in a recent report from September 4 to “Hold” rating.
Approximately 1.39 million shares of stock traded hands or 160.81% up from the average. Weibo Corp (ADR) (NASDAQ:WB) has risen 10.72% since May 14, 2015 and is uptrending. It has outperformed by 12.98% the S&P500.
The overall sentiment of institutions has decreased to 0.89 in Q2 2015. Its down 1.00, from 1.89 in 2015Q2. The ratio dived, as 12 institutions have sold all the shares of Weibo Corp (ADR) that they owned while 16 funds have taken shares off the table. 9 funds have purchased shares for the first time while 16 added to their positions. These institutions now hold 11.17 million shares or 4.75% less than the 11.73 million shares they owned in 2015Q2.
The Fund Index Management Solutions Llc currently is holding shares equating to 1.13% of its total portfolio in Weibo Corp (ADR) representing a total of 97,177 shares. Another fund,Contrarius Investment Management Ltd, is holding a total of 573,886 shares equating to 0.66% of their holdings. Additionally, Pacific Alternative Asset Management Company Llc has a 37,454 share stake in Weibo Corp (ADR) which represents 0.22% of their total portfolio. The Fund, Global X Management Co Llc, based out of New York, has also built up a stake in the stock, which represents a total of 0.08% of their total portfolio. Finally Discovery Capital Management Llc Ct, a fund which is based in the state of Connecticut reported a total holdings of 493,000 shares.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $3.92 billion. The Firm 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 has 213.48 P/E ratio. It operates in two divisions: advertising and marketing services and other services.
According to Zacks Investment Research, “Weibo Corporation operates as a social media platform for people to create, distribute and discover Chinese-language content. The Company operates in two segments: Advertising and Marketing Services, and Other Services. The company offers self-expression products; social products; discovery products; notifications; third-party online games. Weibo also develops mobile apps, such as Weibo Headlines; Weibo Weather and WeiDisk. It also provides advertising and marketing solutions, including social display ads and promoted marketing products. Weibo Corporation is headquartered in Beijing, China.”