Is Buying Stock Like Weibo Corp (ADR) Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like Weibo Corp (ADR) Good Idea After Today's Bearish Options Activity?

In today’s session Weibo Corp (ADR) (WB) recorded an unusually high (538) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious WB decrease. With 538 contracts traded and 14204 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: WB161118P00048000 closed last at: $3.9 or 11.4% down. About 1.27M shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 91.54% since April 13, 2016 and is uptrending. It has outperformed by 87.62% 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 $31.42M for 69.94 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 has “Neutral” rating given on Thursday, October 29 by Citigroup. Zacks upgraded the stock to “Hold” rating in Friday, September 4 report. On Thursday, August 27 the stock rating was upgraded by Summit Research to “Hold”. The rating was maintained by Morgan Stanley on Tuesday, April 19 with “Overweight”. The rating was initiated by Citigroup with “Buy” on Friday, August 5. As per Thursday, December 17, the company rating was upgraded by Morgan Stanley. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Neutral” rating by Goldman Sachs on Thursday, August 11. The firm has “Buy” rating by TH Capital given on Tuesday, November 17. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Buy” rating given on Wednesday, August 19 by Piper Jaffray. The rating was reinitiated by JP Morgan on Wednesday, August 31 with “Overweight”.

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.
Fmr Ltd Company owns 24,100 shares or 0% of their US portfolio. Turner Invs Limited Partnership holds 24,000 shares or 0.21% of its portfolio. State Of Wisconsin Board holds 0.01% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 98,794 shares. Empire Cap Management Ltd Liability, a Connecticut-based fund reported 15,000 shares. The Colorado-based Asset Mgmt has invested 0.01% in Weibo Corp (ADR) (NASDAQ:WB). Jane Street Group Limited Liability Corporation owns 59,757 shares or 0.01% of their US portfolio. Aperio Group Ltd Liability Com, a California-based fund reported 9,421 shares. Renaissance Techs Limited Company holds 0% or 11,700 shares in its portfolio. Walleye Trading Limited Liability reported 38,261 shares or 0.01% of all its holdings. Barclays Pcl last reported 0% of its portfolio in the stock. Schroder Invest Mgmt Group Incorporated has 3.37 million shares for 0.19% of their US portfolio. California Employees Retirement Systems owns 66,200 shares or 0% of their US portfolio. Parallax Volatility Advisers Limited Partnership accumulated 0% or 364 shares. Blackrock Inc reported 4,159 shares or 0% of all its holdings. Voloridge Mngmt Ltd Liability Com owns 178,401 shares or 0.14% of their US portfolio.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $8.79 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 218.1 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/zigman/3870025/realtime”, 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) was released by: Investorplace.com and their article: “SINA Corp (SINA) Will Distribute Weibo Corp (ADR) (WB) Shares” with publication date: August 31, 2016.

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