Weibo Corp (ADR) Stock Price Could Go Down After Today’s Bearish Options Activity

 Weibo Corp (ADR) Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Weibo Corp (ADR) (WB) recorded an unusually high (238) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious WB decrease. With 238 contracts traded and 3014 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: WB170120P00050000 closed last at: $3.4 or 27.7% down. About 816,380 shares traded hands. Weibo Corp (ADR) (NASDAQ:WB) has risen 121.73% since April 27, 2016 and is uptrending. It has outperformed by 116.50% the S&P500.

Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on March, 1. They expect $0.23 EPS, up 155.56% or $0.14 from last year’s $0.09 per share. WB’s profit will be $48.86M for 56.13 P/E if the $0.23 EPS becomes a reality. After $0.14 actual EPS reported by Weibo Corp (ADR) for the previous quarter, Wall Street now forecasts 64.29% 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 -52.75% below today’s ($51.64) stock price. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was initiated by Citigroup on Friday, August 5 with “Buy”. The company was upgraded on Thursday, December 17 by Morgan Stanley. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Hold” rating by Zacks on Friday, September 4. The stock has “Buy” rating given by Piper Jaffray on Wednesday, August 19. The stock of Weibo Corp (ADR) (NASDAQ:WB) has “Overweight” rating given on Wednesday, August 31 by JP Morgan. The firm has “Hold” rating given on Thursday, August 27 by Summit Research. As per Monday, May 16, the company rating was downgraded by Goldman Sachs. Goldman Sachs maintained Weibo Corp (ADR) (NASDAQ:WB) rating on Thursday, August 11. Goldman Sachs has “Neutral” rating and $40 price target. Morgan Stanley maintained Weibo Corp (ADR) (NASDAQ:WB) on Tuesday, April 19 with “Overweight” rating. The stock has “Buy” rating given by TH Capital on Tuesday, November 17.

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 3.41 in Q2 2016. Its up 1.38, from 2.03 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.
Spot Trading Lc accumulated 41,462 shares or 0.02% of the stock. Jpmorgan Chase & reported 19,896 shares or 0% of all its holdings. Toronto Dominion Comml Bank has 85,390 shares for 0.01% of their US portfolio. Acadian Asset Mngmt Ltd Limited Liability Company last reported 0.07% of its portfolio in the stock. Moreover, Northern Tru has 0% invested in Weibo Corp (ADR) (NASDAQ:WB) for 10,322 shares. Geode Mngmt Ltd Liability Com has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). The Virginia-based Thompson Davis And Com Inc has invested 0.01% in Weibo Corp (ADR) (NASDAQ:WB). Millennium Mngmt Ltd Limited Liability Company has 8,459 shares for 0% of their US portfolio. The Japan-based Dai Ichi Life Ins Ltd has invested 0.01% in Weibo Corp (ADR) (NASDAQ:WB). D E Shaw And holds 0% or 8,450 shares in its portfolio. Bogle Inv Mgmt L P De has 381,651 shares for 0.75% of their US portfolio. Tower Research Cap Ltd Llc (Trc) has 354 shares for 0% of their US portfolio. Walleye Trading Ltd Liability accumulated 0.01% or 38,261 shares. Symmetry Peak Ltd Com reported 58,300 shares or 0.28% of all its holdings. Contrarius Inv Mngmt Limited holds 0.55% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 228,693 shares.

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has a market cap of $10.97 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 251.62 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: “Why Weibo Corp (ADR) Stock Is Crushing Twitter Inc (TWTR)” on November 21, 2016, also Investorplace.com published article titled: “Weibo Corp (ADR): Buy This Internet Stock on the Dip (WB)”, 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: Marketwatch.com and their article: “Virtual Stock Exchange” with publication date: April 18, 2011.

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