Stock Buzzer: What’s Weibo Corp (ADR) Upside After Today’s Huge Increase?

Stock Buzzer: What's Weibo Corp (ADR) Upside After Today's Huge Increase?

The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 760,602 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 246.00% since March 1, 2016 and is uptrending. It has outperformed by 236.75% the S&P500.
The move comes after 6 months positive chart setup for the $11.51 billion company. It was reported on Oct, 4 by We have $64.92 PT which if reached, will make NASDAQ:WB worth $2.53B more.

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 $34.61M for 83.14 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. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Hold” rating given on Wednesday, August 26 by Zacks. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, April 19. The rating was maintained by TH Capital on Tuesday, November 17 with “Buy”. Citigroup initiated the stock with “Buy” rating in Friday, August 5 report. Piper Jaffray maintained Weibo Corp (ADR) (NASDAQ:WB) on Wednesday, August 19 with “Buy” rating. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Neutral” rating given on Monday, May 16 by Goldman Sachs. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Hold” rating given on Friday, September 4 by Zacks. The company was maintained on Thursday, August 11 by Goldman Sachs. Citigroup downgraded Weibo Corp (ADR) (NASDAQ:WB) on Thursday, October 29 to “Neutral” rating. The rating was upgraded by Summit Research to “Hold” on Thursday, August 27.

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 Q2 2016. Its up 1.06, from 0.97 in 2016Q1. The ratio is positive, 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.
Voloridge Mngmt last reported 0.14% of its portfolio in the stock. Global X Mngmt Communication Ltd last reported 0.12% of its portfolio in the stock. Jpmorgan Chase has 0% invested in the company for 19,896 shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 7 shares. Schroder Inv Management last reported 3.37 million shares in the company. Barclays Public Limited Company holds 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 19,800 shares. National Bank & Trust Of Montreal Can reported 8,334 shares or 0% of all its holdings. Renaissance Technologies Ltd Liability Company holds 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 11,700 shares. Jane Street Grp Ltd Liability last reported 0.01% of its portfolio in the stock. Tower Research Lc (Trc) holds 354 shares or 0% of its portfolio. Goldman Sachs Group holds 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 68,136 shares. The California-based Wells Fargo And Mn has invested 0.03% in Weibo Corp (ADR) (NASDAQ:WB). Walleye Trading Ltd Liability owns 38,261 shares or 0.01% of their US portfolio. Aristeia Capital Ltd reported 566,289 shares or 1.28% of all its holdings. Acadian Asset Management Ltd Limited Liability Company, a Massachusetts-based fund reported 489,191 shares.

More notable recent Weibo Corp (ADR) (NASDAQ:WB) news were published by: which released: “Weibo Corp (ADR): Buy This Internet Stock on the Dip (WB)” on September 13, 2016, also with their article: “Virtual Stock Exchange” published on April 18, 2011, 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: and their article: “Why Contrarian Bulls Shouldn’t Sleep On Weibo Corp (WB)” published on July 20, 2016 as well as‘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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