US Bancorp DE grew its position in Weibo Corp (NASDAQ:WB) by 77.2% during the fourth quarter, HoldingsChannel reports. The firm owned 60,947 shares of the information services provider’s stock after acquiring an additional 26,549 shares during the period. US Bancorp DE’s holdings in Weibo were worth $6,306,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Harding Loevner LP grew its position in shares of Weibo by 2,621.2% in the 3rd quarter. Harding Loevner LP now owns 95,403,043 shares of the information services provider’s stock valued at $476,760,000 after buying an additional 91,897,142 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Weibo by 31.1% in the 3rd quarter. Schroder Investment Management Group now owns 2,300,656 shares of the information services provider’s stock valued at $225,672,000 after buying an additional 545,683 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Weibo in the 2nd quarter valued at $20,234,000. Acadian Asset Management LLC grew its position in shares of Weibo by 16.0% in the 4th quarter. Acadian Asset Management LLC now owns 1,994,583 shares of the information services provider’s stock valued at $206,361,000 after buying an additional 274,466 shares during the last quarter. Finally, Neumann Advisory Hong Kong Ltd purchased a new position in shares of Weibo in the 4th quarter valued at $24,831,000. Institutional investors and hedge funds own 22.05% of the company’s stock.
Weibo Corp (WB) opened at $115.35 on Friday. Weibo Corp has a 52-week low of $47.36 and a 52-week high of $136.19. The stock has a market cap of $25,220.00, a price-to-earnings ratio of 98.59 and a beta of 2.63.
A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Weibo from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Weibo from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Tuesday, November 14th. UBS Group started coverage on shares of Weibo in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $125.00 target price on the stock. Barclays raised their price objective on shares of Weibo to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley started coverage on shares of Weibo in a research report on Friday, January 5th. They set an “overweight” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Weibo currently has an average rating of “Buy” and an average price target of $104.85.
Weibo Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company 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. It operates in two segments: advertising and marketing services and other services.
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