The stock of Weibo Corp (ADR) (NASDAQ:WB) reached all time high today, Oct, 5 and still has $84.81 target or 61.00% above today’s $52.68 share price. This indicates more upside for the $11.94B company. This technical setup was reported by Barchart.com. If the $84.81 PT is reached, the company will be worth $7.28 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 710,375 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 273.47% since March 2, 2016 and is uptrending. It has outperformed by 265.21% the S&P500.
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 $36.26M for 82.31 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. Citigroup initiated Weibo Corp (ADR) (NASDAQ:WB) on Friday, August 5 with “Buy” rating. The rating was downgraded by Citigroup to “Neutral” on Thursday, October 29. The firm has “Hold” rating by Zacks given on Wednesday, August 26. Piper Jaffray maintained it with “Buy” rating and $22 target price in Wednesday, August 19 report. The company was upgraded on Friday, September 4 by Zacks. The stock has “Neutral” rating given by Goldman Sachs on Monday, May 16. Morgan Stanley maintained the shares of WB in a report on Tuesday, April 19 with “Overweight” rating. Summit Research upgraded Weibo Corp (ADR) (NASDAQ:WB) rating on Thursday, August 27. Summit Research has “Hold” rating and $14 price target. The firm has “Neutral” rating given on Thursday, August 11 by Goldman Sachs. The firm has “Buy” rating given on Tuesday, November 17 by TH Capital.
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 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.
Blackrock has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Us Bank & Trust De has 179 shares for 0% of their US portfolio. Northern Tru Corporation last reported 0% of its portfolio in the stock. Baring Asset Mngmt Ltd, a United Kingdom-based fund reported 249,984 shares. Royal Retail Bank Of Canada holds 0% or 736 shares in its portfolio. Thompson Davis & Communication Inc reported 250 shares or 0.01% of all its holdings. 1832 Asset Mgmt L P has 1.66 million shares for 0.19% of their US portfolio. Wells Fargo & Comm Mn reported 2.94 million shares or 0.03% of all its holdings. Millennium Mgmt Limited Liability Company owns 8,459 shares or 0% of their US portfolio. Hsbc Holdg Public Limited Com last reported 0% of its portfolio in the stock. Grantham Mayo Van Otterloo And Llc has invested 0.02% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Deutsche Commercial Bank Ag last reported 118,466 shares in the company. Sg Americas Secs Ltd Liability holds 0% or 24,743 shares in its portfolio. Lazard Asset Management Limited Co has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Voloridge Investment Mngmt Ltd Liability Co holds 178,401 shares or 0.14% of its 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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