The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! The stock decreased 2.43% or $1.25 during the last trading session, hitting $50.14. About 1.78M shares traded hands or 1.14% up from the average. Weibo Corp (ADR) (NASDAQ:WB) has risen 249.16% since February 29, 2016 and is uptrending. It has outperformed by 238.74% the S&P500.
The move comes after 6 months negative chart setup for the $10.64 billion company. It was reported on Oct, 1 by Barchart.com. We have $47.63 PT which if reached, will make NASDAQ:WB worth $532.00M less.
Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on November, 16. They expect $0.16 EPS, up 128.57% or $0.09 from last year’s $0.07 per share. WB’s profit will be $33.95 million for 78.34 P/E if the $0.16 EPS becomes a reality. After $0.12 actual EPS reported by Weibo Corp (ADR) for the previous quarter, Wall Street now forecasts 33.33% EPS growth.
Weibo Corp (ADR) (NASDAQ:WB) Ratings Coverage
Out of 8 analysts covering Weibo Corp (NASDAQ:WB), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Wednesday, August 31 the stock rating was reinitiated by JP Morgan with “Overweight”. Piper Jaffray maintained the shares of WB in a report on Wednesday, August 19 with “Buy” rating. Morgan Stanley upgraded the shares of WB in a report on Thursday, December 17 to “Overweight” rating. The stock has “Buy” rating given by Citigroup on Friday, August 5. The firm has “Neutral” rating given on Monday, May 16 by Goldman Sachs. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Hold” rating by Zacks on Friday, September 4. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, April 19. The firm has “Hold” rating given on Wednesday, August 26 by Zacks. The stock has “Hold” rating given by Summit Research on Thursday, August 27. On Thursday, August 11 the stock rating was maintained by Goldman Sachs with “Neutral”.
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.”
Insitutional Activity: The institutional sentiment increased to 2.03 in 2016 Q2. Its up 1.06, from 0.97 in 2016Q1. The ratio improved, as 10 funds sold all Weibo Corp (ADR) shares owned while 20 reduced positions. 41 funds bought stakes while 20 increased positions. They now own 18.23 million shares or 18.81% more from 15.34 million shares in 2016Q1.
Turner L P owns 24,000 shares or 0.21% of their US portfolio. The Australia-based Westpac Banking Corp has invested 0% in Weibo Corp (ADR) (NASDAQ:WB). Jpmorgan Chase & accumulated 19,896 shares or 0% of the stock. Millennium Management Ltd last reported 0% of its portfolio in the stock. The Germany-based Deutsche Retail Bank Ag has invested 0% in Weibo Corp (ADR) (NASDAQ:WB). Susquehanna International Grp Inc Llp holds 34,817 shares or 0% of its portfolio. Lpl Fincl Limited Liability Company last reported 0% of its portfolio in the stock. Trexquant Investment L P, a Connecticut-based fund reported 12,376 shares. Perkins Coie Communication last reported 400 shares in the company. Commerzbank Aktiengesellschaft Fi holds 0% or 7,365 shares in its portfolio. Segantii Management last reported 0.02% of its portfolio in the stock. Granite Point Cap L P last reported 29,300 shares in the company. Dixon Hubard Feinour Brown Va has invested 0.06% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Tower Cap Ltd Liability Co (Trc), a New York-based fund reported 354 shares. Peak6 Limited Partnership owns 58,178 shares or 0.01% of their US portfolio.
More notable recent Weibo Corp (ADR) (NASDAQ:WB) news were published by: Investorplace.com which released: “Weibo Corp (ADR): Buy This Internet Stock on the Dip (WB)” on September 13, 2016, also Marketwatch.com with their article: “Virtual Stock Exchange” published on April 18, 2011, Investorplace.com published: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” on August 31, 2016. More interesting news about Weibo Corp (ADR) (NASDAQ:WB) were released by: Schaeffersresearch.com and their article: “Why Contrarian Bulls Shouldn’t Sleep On Weibo Corp (WB)” published on July 20, 2016 as well as Schaeffersresearch.com‘s news article titled: “Weibo Corp (WB) Options Catch Fire as Stock Taps Record High” with publication date: August 29, 2016.
WB Company Profile
Weibo Corporation, incorporated on July 2, 1905, is a social media platform for people to create, distribute and discover Chinese-language content. 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. The Firm operates through two divisions: advertising and marketing services, and other services. The Firm has a range of users, including ordinary people, celebrities and other public figures, as well as organizations, such as media outlets, businesses, government agencies and charities. The Company’s product categories include those for users, advertising and marketing clients and platform partners.
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