The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 5.19M shares traded hands or 163.45% up from the average. Weibo Corp (ADR) (NASDAQ:WB) has risen 96.76% since April 20, 2016 and is uptrending. It has outperformed by 92.21% the S&P500.
The move comes after 6 months positive chart setup for the $10.76B company. It was reported on Nov, 22 by Barchart.com. We have $51.08 PT which if reached, will make NASDAQ:WB worth $430.40 million more.
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) earned “Buy” rating by Citigroup on Friday, August 5. The firm has “Buy” rating given on Tuesday, November 17 by TH Capital. The stock has “Neutral” rating given by Goldman Sachs on Monday, May 16. As per Friday, September 4, the company rating was upgraded by Zacks. The rating was maintained by Morgan Stanley on Tuesday, April 19 with “Overweight”. The firm has “Hold” rating given on Wednesday, August 26 by Zacks. Morgan Stanley upgraded Weibo Corp (ADR) (NASDAQ:WB) on Thursday, December 17 to “Overweight” rating. JP Morgan reinitiated the stock with “Overweight” rating in Wednesday, August 31 report. On Thursday, October 29 the stock rating was downgraded by Citigroup to “Neutral”. As per Thursday, August 27, the company rating was upgraded by Summit Research.
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 3.41 in Q2 2016. Its up 1.38, from 2.03 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.
Value Prtn Adv has 2.63 million shares for 47.23% of their US portfolio. Fil last reported 819,119 shares in the company. Deutsche Bancorporation Ag accumulated 0% or 118,466 shares. Manufacturers Life Ins Communication The has 0.01% invested in the company for 334,331 shares. Royal Financial Bank Of Canada accumulated 736 shares or 0% of the stock. Invesco holds 121,871 shares or 0% of its portfolio. Renaissance Tech Ltd Co last reported 11,700 shares in the company. Aperio Ltd Liability has 9,421 shares for 0% of their US portfolio. Blackrock Inc holds 0% or 4,159 shares in its portfolio. Aristeia Cap Limited Liability holds 1.28% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 566,289 shares. Perkins Coie Trust last reported 400 shares in the company. Us Retail Bank De last reported 0% of its portfolio in the stock. Schroder Invest Mngmt accumulated 3.37M shares or 0.19% of the stock. First Tru Advsrs Limited Partnership last reported 0% of its portfolio in the stock. Thompson Davis Company last reported 0.01% of its portfolio in the stock.
More notable recent Weibo Corp (ADR) (NASDAQ:WB) news were published by: Investorplace.com which released: “Why Weibo Corp (ADR) Stock Is Crushing Twitter Inc (TWTR)” on November 21, 2016, also Investorplace.com with their article: “Weibo Corp (ADR): Buy This Internet Stock on the Dip (WB)” published on September 13, 2016, 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) were released by: Marketwatch.com and their article: “/quotes/zigman/3870025/realtime” published on April 18, 2011 as well as Investorplace.com‘s news article titled: “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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