Noteworthy Price Action: Weibo Corp (ADR) Just Recorded A Sigfniciant Decline

Noteworthy Price Action: Weibo Corp (ADR) Just Recorded A Sigfniciant Decline

The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 1.22 million shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 138.68% since April 6, 2016 and is uptrending. It has outperformed by 136.72% the S&P500.
The move comes after 8 months negative chart setup for the $10.60B company. It was reported on Nov, 8 by We have $43.98 PT which if reached, will make NASDAQ:WB worth $636.00 million less.

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 $36.25M for 73.11 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. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded it to “Neutral” rating and $22 target price in Monday, May 16 report. Summit Research upgraded Weibo Corp (ADR) (NASDAQ:WB) rating on Thursday, August 27. Summit Research has “Hold” rating and $14 price target. Citigroup initiated Weibo Corp (ADR) (NASDAQ:WB) on Friday, August 5 with “Buy” rating. The company was maintained on Tuesday, April 19 by Morgan Stanley. Citigroup downgraded the stock to “Neutral” rating in Thursday, October 29 report. The stock has “Overweight” rating given by Morgan Stanley on Thursday, December 17. The rating was downgraded by Zacks on Wednesday, August 26 to “Hold”. On Friday, September 4 the stock rating was upgraded by Zacks to “Hold”. On Wednesday, August 19 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Neutral” rating given by Goldman Sachs on Thursday, August 11.

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.
Voloridge Inv Management Ltd Liability holds 178,401 shares or 0.14% of its portfolio. Susquehanna Intl Grp Llp last reported 34,817 shares in the company. Eton Park Cap Ltd Partnership last reported 0.37% of its portfolio in the stock. Walleye Trading Lc holds 38,261 shares or 0.01% of its portfolio. Turner Invests Lp reported 24,000 shares or 0.21% of all its holdings. 1832 Asset Management Limited Partnership, a Ontario – Canada-based fund reported 1.66M shares. Allianz Asset Ag accumulated 122,000 shares or 0% of the stock. Morgan Stanley accumulated 62,591 shares or 0% of the stock. D E Shaw & Inc last reported 8,450 shares in the company. Moreover, Paloma Prtn Mgmt Communications has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 9,400 shares. Dixon Hubard Feinour And Brown Va has invested 0.06% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Gam Ag holds 167,000 shares or 0.07% of its portfolio. Ameriprise Financial holds 14,637 shares or 0% of its portfolio. Royal Bank & Trust Of Canada owns 736 shares or 0% of their US portfolio. Daiwa Securities Inc last reported 0.01% of its portfolio in the stock.

More notable recent Weibo Corp (ADR) (NASDAQ:WB) news were published by: which released: “Weibo Corp (ADR): Buy This Internet Stock on the Dip (WB)” on September 13, 2016, also with their article: “/quotes/zigman/3870025/realtime” published on April 18, 2011, 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: and their article: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” published on August 31, 2016 as well as‘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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