It Seems Weibo Corp (ADR) Will Go Down. Had Bearish Options Activity

 It Seems Weibo Corp (ADR) Will Go Down. Had Bearish Options Activity

In today’s session Weibo Corp (ADR) (WB) recorded an unusually high (720) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious WB decrease. With 720 contracts traded and 16854 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: WB161021P00049000 closed last at: $0.3 or 14.3% down. About 125,112 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 199.89% since March 16, 2016 and is uptrending. It has outperformed by 194.34% the S&P500.

Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on November, 16. They expect $0.16 EPS, up 128.57% or $0.09 from last year’s $0.07 per share. WB’s profit will be $34.09 million for 81.92 P/E if the $0.16 EPS becomes a reality. After $0.12 actual EPS 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 -53.46% below today’s ($52.43) stock price. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. As per Wednesday, August 26, the company rating was downgraded by Zacks. The rating was downgraded by Goldman Sachs on Monday, May 16 to “Neutral”. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Hold” rating given on Thursday, August 27 by Summit Research. The firm has “Hold” rating by Zacks given on Friday, September 4. The company was reinitiated on Wednesday, August 31 by JP Morgan. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, August 11 report. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, December 17. The rating was initiated by Citigroup on Friday, August 5 with “Buy”. The firm earned “Buy” rating on Tuesday, November 17 by TH Capital. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Overweight” rating given on Tuesday, April 19 by Morgan Stanley.

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 increased, 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, Dai Ichi Life Insur Company Limited has 0.01% invested in Weibo Corp (ADR) (NASDAQ:WB) for 10,844 shares. Dixon Hubard Feinour & Brown Va owns 7,100 shares or 0.06% of their US portfolio. Lazard Asset Ltd Liability Company last reported 200 shares in the company. Advsrs Asset Mngmt Incorporated owns 16,031 shares or 0.01% of their US portfolio. Timber Hill Ltd Liability has 0.01% invested in the company for 84,276 shares. Creative Planning last reported 1,000 shares in the company. Parallax Volatility Advisers L P owns 364 shares or 0% of their US portfolio. Value Prns Limited Adv accumulated 47.23% or 2.63 million shares. Legal And General Group Public Ltd Liability Corporation holds 0% or 6,100 shares in its portfolio. Aristeia Ltd owns 566,289 shares or 1.28% of their US portfolio. Wells Fargo Mn has 0.03% invested in the company for 2.94M shares. Schroder Invest reported 3.37 million shares or 0.19% of all its holdings. Cadence Management Ltd Liability Com accumulated 0.02% or 9,010 shares. Voloridge Invest Mngmt Lc holds 0.14% or 178,401 shares in its portfolio. The New York-based Goldman Sachs Grp has invested 0% in Weibo Corp (ADR) (NASDAQ:WB).

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $11.17 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 255.47 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 important 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 published article titled: “Quotes are delayed by 20 min”, 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) was released by: Schaeffersresearch.com and their article: “Why Contrarian Bulls Shouldn’t Sleep On Weibo Corp (WB)” with publication date: July 20, 2016.

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