The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 786,097 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 152.28% since April 5, 2016 and is uptrending. It has outperformed by 150.32% the S&P500.
The move comes after 8 months positive chart setup for the $9.96B company. It was reported on Nov, 7 by Barchart.com. We have $58.37 PT which if reached, will make NASDAQ:WB worth $2.09 billion more.
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 75.36 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. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Tuesday, April 19 by Morgan Stanley. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Hold” rating given on Thursday, August 27 by Summit Research. The company was downgraded on Monday, May 16 by Goldman Sachs. TH Capital maintained the stock with “Buy” rating in Tuesday, November 17 report. Citigroup initiated the stock with “Buy” rating in Friday, August 5 report. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Neutral” rating by Goldman Sachs on Thursday, August 11. Zacks downgraded the shares of WB in a report on Wednesday, August 26 to “Hold” rating. The rating was upgraded by Zacks on Friday, September 4 to “Hold”. As per Wednesday, August 31, the company rating was reinitiated by JP Morgan. The rating was downgraded by Citigroup to “Neutral” on Thursday, October 29.
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.
Ameriprise Fincl Inc has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). The Hong Kong-based Segantii Mngmt has invested 0.02% in Weibo Corp (ADR) (NASDAQ:WB). California Pub Employees Retirement Systems last reported 66,200 shares in the company. 1832 Asset Management L P holds 0.19% or 1.66 million shares in its portfolio. Jane Street Group Inc Limited Liability Corporation accumulated 59,757 shares or 0.01% of the stock. Moreover, Morgan Stanley has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 62,591 shares. Wells Fargo & Commerce Mn reported 2.94 million shares or 0.03% of all its holdings. Natl Bank Of America De last reported 486 shares in the company. Preferred Llc holds 0.01% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 333 shares. Parallax Volatility Advisers Lp holds 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 364 shares. Symmetry Peak Management Ltd reported 58,300 shares or 0.28% of all its holdings. Invesco Ltd last reported 121,871 shares in the company. Moreover, State Of Wisconsin Invest Board has 0.01% invested in Weibo Corp (ADR) (NASDAQ:WB) for 98,794 shares. Aristeia Cap Lc last reported 566,289 shares in the company. Us Commercial Bank De has 0% invested in the company for 179 shares.
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: “/quotes/zigman/3870025/realtime” 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.
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.
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