Weibo (NASDAQ:WB) Stock Price Up 6.7% – Should You Buy?

Shares of Weibo Co. (NASDAQ:WB) traded up 6.7% on Thursday . The company traded as high as $10.94 and last traded at $10.91. 792,203 shares were traded during trading, a decline of 10% from the average session volume of 882,648 shares. The stock had previously closed at $10.22.

Analyst Upgrades and Downgrades

WB has been the subject of several research analyst reports. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reissued a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.28.

Weibo Stock Up 0.2 %

The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 7.37 and a beta of 0.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The business’s 50 day moving average is $9.77 and its 200-day moving average is $8.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Weibo during the fourth quarter worth about $70,000. Creative Planning acquired a new stake in shares of Weibo during the third quarter worth approximately $112,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Weibo by 17.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 1,970 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Weibo in the 4th quarter worth approximately $167,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.