What’s in Weibo Corp (ADR) After Today’s Bullish Options Activity?

 What's in Weibo Corp (ADR) After Today's Bullish Options Activity?

In today’s session Weibo Corp (ADR) (WB) registered an unusually high (550) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious WB increase. With 550 contracts traded and 6264 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: WB170421C00060000 closed last at: $2.35 or 11.3% down. About 523,138 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 147.27% since April 4, 2016 and is uptrending. It has outperformed by 146.18% 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 $33.04 million for 71.81 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 -46.91% below today’s ($45.96) stock price. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Weibo Corp (ADR) (NASDAQ:WB) on Thursday, August 11 with “Neutral” rating. The rating was initiated by Citigroup with “Buy” on Friday, August 5. Morgan Stanley upgraded the shares of WB in a report on Thursday, December 17 to “Overweight” rating. The rating was maintained by Piper Jaffray on Wednesday, August 19 with “Buy”. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Buy” rating given on Tuesday, November 17 by TH Capital. Summit Research upgraded Weibo Corp (ADR) (NASDAQ:WB) on Thursday, August 27 to “Hold” rating. Goldman Sachs downgraded it to “Neutral” rating and $22 target price in Monday, May 16 report. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, April 19 report. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Overweight” rating by JP Morgan on Wednesday, August 31. Citigroup downgraded the stock to “Neutral” rating in Thursday, October 29 report.

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 Q2 2016. Its up 1.06, from 0.97 in 2016Q1. The ratio is positive, 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.
Empire Ltd Liability Corp has 15,000 shares for 0.63% of their US portfolio. Lpl Fincl Limited Liability Corp has 0% invested in the company for 13,533 shares. Bogle Management Ltd Partnership De accumulated 381,651 shares or 0.75% of the stock. National Bank & Trust Of New York Mellon Corp holds 145,343 shares or 0% of its portfolio. Perkins Coie Tru last reported 400 shares in the company. Northern Tru Corp last reported 10,322 shares in the company. Aristeia Cap Ltd Liability Com holds 566,289 shares or 1.28% of its portfolio. Hap Trading Ltd Limited Liability Company holds 10,794 shares or 0.02% of its portfolio. Mizuho Tru & Limited has 0% invested in the company for 34,444 shares. Citadel Advisors Lc last reported 116,457 shares in the company. Timber Hill Ltd Company, a Connecticut-based fund reported 84,276 shares. Millennium Mngmt Ltd owns 8,459 shares or 0% of their US portfolio. Renaissance Ltd Company holds 11,700 shares or 0% of its portfolio. Financial Bank Of Montreal Can holds 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 8,334 shares. Spot Trading Limited Company last reported 41,462 shares in the company.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $9.49 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 223.94 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: “Weibo Corp (ADR) (WB) Stock Is Headed for the Big Leagues” on October 21, 2016. More interesting news about Weibo Corp (ADR) (NASDAQ:WB) were released by: Investorplace.com and their article: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” published on August 31, 2016 as well as Schaeffersresearch.com‘s news article titled: “Why Contrarian Bulls Shouldn’t Sleep On Weibo Corp (WB)” with publication date: July 20, 2016.

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