The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 867,824 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 91.54% since April 13, 2016 and is uptrending. It has outperformed by 87.62% the S&P500.
The move comes after 7 months positive chart setup for the $8.75 billion company. It was reported on Nov, 15 by Barchart.com. We have $55.24 PT which if reached, will make NASDAQ:WB worth $2.10B more.
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 $31.43 million for 69.61 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. As per Friday, September 4, the company rating was upgraded by Zacks. Piper Jaffray maintained it with “Buy” rating and $22 target price in Wednesday, August 19 report. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Neutral” rating by Goldman Sachs on Monday, May 16. The firm earned “Overweight” rating on Wednesday, August 31 by JP Morgan. Summit Research upgraded the shares of WB in a report on Thursday, August 27 to “Hold” rating. TH Capital maintained the shares of WB in a report on Tuesday, November 17 with “Buy” rating. Citigroup initiated the stock with “Buy” rating in Friday, August 5 report. Goldman Sachs maintained it with “Neutral” rating and $40 target price in Thursday, August 11 report. The stock has “Overweight” rating given by Morgan Stanley on Thursday, December 17. The stock has “Hold” rating given by Zacks on Wednesday, August 26.
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 increased, 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.
Timber Hill Limited Co holds 0.01% or 84,276 shares in its portfolio. Global X Management Ltd has 79,944 shares for 0.12% of their US portfolio. First Advsrs Ltd Partnership holds 42,119 shares or 0% of its portfolio. Millennium Management Ltd accumulated 0% or 8,459 shares. The Australia-based Westpac Banking Corp has invested 0% in Weibo Corp (ADR) (NASDAQ:WB). Wells Fargo Co Mn has invested 0.03% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Moreover, Sg Americas Secs Ltd Liability Corp has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 24,743 shares. Grp One Trading Ltd Partnership owns 97,061 shares or 0.03% of their US portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Aristeia Cap Limited Company owns 566,289 shares or 1.28% of their US portfolio. D E Shaw & Inc accumulated 8,450 shares or 0% of the stock. Jpmorgan Chase Com has 19,896 shares for 0% of their US portfolio. Commercial Bank Of America Corp De last reported 0% of its portfolio in the stock. Symmetry Peak Mgmt Ltd Llc has invested 0.28% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Royal Bancorp Of Canada, a Ontario – Canada-based fund reported 736 shares.
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: “Virtual Stock Exchange”, Investorplace.com published: “Weibo Corp (ADR) (WB) Stock Is Headed for the Big Leagues” on October 21, 2016. More interesting news about Weibo Corp (ADR) (NASDAQ:WB) was released by: Investorplace.com and their article: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” with publication date: August 31, 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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