Weibo Corp (ADR) Has More Gas To Increase After Today’s Bullish Options Activity

 Weibo Corp (ADR) Has More Gas To Increase After Today's Bullish Options Activity

In today’s session Weibo Corp (ADR) (WB) registered an unusually high (451) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WB increase. With 451 contracts traded and 4064 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WB161118C00060000 closed last at: $1.15 or 15% up. About 881,421 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 273.47% since March 2, 2016 and is uptrending. It has outperformed by 265.21% the S&P500.

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 $36.26 million for 82.80 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. $40 is the highest target while $14 is the lowest. The $24.40 average target is -53.95% below today’s ($52.99) stock price. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, August 19 by Piper Jaffray. The stock has “Neutral” rating given by Citigroup on Thursday, October 29. The stock has “Neutral” rating given by Goldman Sachs on Monday, May 16. Summit Research upgraded the shares of WB in a report on Thursday, August 27 to “Hold” rating. The company was maintained on Tuesday, April 19 by Morgan Stanley. The rating was reinitiated by JP Morgan on Wednesday, August 31 with “Overweight”. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, August 11. The firm has “Hold” rating given on Wednesday, August 26 by Zacks. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, December 17. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Buy” rating given on Friday, August 5 by Citigroup.

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 2016 Q2. Its up 1.06, from 0.97 in 2016Q1. The ratio improved, 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.
Moreover, Hsbc Hldgs Pcl has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 39,906 shares. Daiwa Secs Grp Inc holds 48,500 shares or 0.01% of its portfolio. Blackrock Incorporated accumulated 4,159 shares or 0% of the stock. Lpl Llc accumulated 13,533 shares or 0% of the stock. Aperio Grp Ltd Liability Com accumulated 0% or 9,421 shares. Fil Ltd has 819,119 shares for 0.07% of their US portfolio. Moreover, Us Bank De has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 179 shares. Baring Asset Management accumulated 249,984 shares or 0.58% of the stock. Moreover, Millennium Management Ltd Com has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 8,459 shares. Empire Capital Mngmt Limited has 0.63% invested in the company for 15,000 shares. Moreover, Peak6 Investments Limited Partnership has 0.01% invested in Weibo Corp (ADR) (NASDAQ:WB) for 58,178 shares. Tb Alternative Assets last reported 53,486 shares in the company. Jpmorgan Chase And last reported 0% of its portfolio in the stock. The California-based Parallax Volatility Advisers Ltd Partnership has invested 0% in Weibo Corp (ADR) (NASDAQ:WB). Moreover, Westpac Banking has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 807,718 shares.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $12.01 billion. 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. It has a 258.2 P/E ratio. It operates in two divisions: advertising and marketing services and other services.

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.

More notable 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 with their article: “Virtual Stock Exchange” published on April 18, 2011, Investorplace.com published: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” on August 31, 2016. More interesting news about Weibo Corp (ADR) (NASDAQ:WB) were released by: Schaeffersresearch.com and their article: “Why Contrarian Bulls Shouldn’t Sleep On Weibo Corp (WB)” published on July 20, 2016 as well as Schaeffersresearch.com‘s news article titled: “Weibo Corp (WB) Options Catch Fire as Stock Taps Record High” with publication date: August 29, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment