The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 2.36 million shares traded hands or 29.67% up from the average. Weibo Corp (ADR) (NASDAQ:WB) has risen 248.84% since March 8, 2016 and is uptrending. It has outperformed by 239.53% the S&P500.
The move comes after 6 months negative chart setup for the $11.95B company. It was reported on Oct, 11 by Barchart.com. We have $48.01 PT which if reached, will make NASDAQ:WB worth $956.00 million less.
Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on November, 16. They expect $0.16 earnings per share, up 128.57% or $0.09 from last year’s $0.07 per share. WB’s profit will be $36.64M for 81.55 P/E if the $0.16 EPS becomes a reality. After $0.12 actual earnings per share 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 company was reinitiated on Wednesday, August 31 by JP Morgan. TH Capital maintained the shares of WB in a report on Tuesday, November 17 with “Buy” rating. Citigroup downgraded the shares of WB in a report on Thursday, October 29 to “Neutral” rating. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Hold” rating by Summit Research on Thursday, August 27. Zacks downgraded the shares of WB in a report on Wednesday, August 26 to “Hold” rating. On Thursday, December 17 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Buy” rating by Piper Jaffray given on Wednesday, August 19. Zacks upgraded the stock to “Hold” rating in Friday, September 4 report. As per Thursday, August 11, the company rating was maintained by Goldman Sachs. Goldman Sachs downgraded the shares of WB in a report on Monday, May 16 to “Neutral” rating.
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.
Citadel Advisors Limited Company, a Illinois-based fund reported 116,457 shares. Turner Invests Lp last reported 24,000 shares in the company. Symmetry Peak Ltd Co has 58,300 shares for 0.28% of their US portfolio. Manufacturers Life Insur The last reported 0.01% of its portfolio in the stock. Moreover, Invesco has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 121,871 shares. Advsrs Preferred Lc holds 0.01% or 333 shares in its portfolio. Aristeia Ltd Liability Co, a New York-based fund reported 566,289 shares. The Minnesota-based Walleye Trading has invested 0.01% in Weibo Corp (ADR) (NASDAQ:WB). Us Natl Bank De, a Minnesota-based fund reported 179 shares. Moreover, Advsr Asset Mgmt Inc has 0.01% invested in Weibo Corp (ADR) (NASDAQ:WB) for 16,031 shares. Timber Hill Ltd has 84,276 shares for 0.01% of their US portfolio. Spot Trading Limited Liability Corp owns 41,462 shares or 0.02% of their US portfolio. Perkins Coie Trust accumulated 400 shares or 0.01% of the stock. Mizuho Trust & Banking Limited last reported 34,444 shares in the company. Gam Hldgs Ag holds 0.07% or 167,000 shares in its portfolio.
More important 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 published article titled: “/quotes/zigman/3870025/realtime”, 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) was released by: Schaeffersresearch.com and their article: “Why Contrarian Bulls Shouldn’t Sleep On Weibo Corp (WB)” with publication date: July 20, 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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