Jefferies Group LLC grew its stake in shares of Weibo Corp (NASDAQ:WB) by 226.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,000 shares of the information services provider’s stock after acquiring an additional 12,479 shares during the period. Jefferies Group LLC’s holdings in Weibo were worth $1,862,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in WB. NEXT Financial Group Inc lifted its stake in shares of Weibo by 9,900.0% during the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after buying an additional 990 shares in the last quarter. Risk Paradigm Group LLC purchased a new stake in shares of Weibo during the 3rd quarter valued at approximately $109,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Weibo during the 4th quarter valued at approximately $203,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Weibo during the 4th quarter valued at approximately $208,000. Finally, YorkBridge Wealth Partners LLC lifted its stake in shares of Weibo by 70.2% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after buying an additional 743 shares in the last quarter. 22.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Weibo Corp (WB) opened at $131.13 on Wednesday. The company has a current ratio of 4.22, a quick ratio of 2.23 and a debt-to-equity ratio of 0.74. The firm has a market cap of $27,570.00, a price-to-earnings ratio of 84.60 and a beta of 2.55. Weibo Corp has a 52-week low of $47.52 and a 52-week high of $142.12.
Several research firms have issued reports on WB. Jefferies Group increased their target price on shares of Weibo to $160.00 and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub upgraded shares of Weibo from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. ValuEngine upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Weibo from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Weibo has a consensus rating of “Buy” and a consensus target price of $124.50.
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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