The stock of Weibo Corp (ADR) (NASDAQ:WB) is a huge mover today! About 2.74 million shares traded hands or 11.38% up from the average. Weibo Corp (ADR) (NASDAQ:WB) has risen 112.11% since April 28, 2016 and is uptrending. It has outperformed by 106.19% the S&P500.
The move comes after 6 months negative chart setup for the $9.84 billion company. It was reported on Dec, 1 by Barchart.com. We have $44.78 PT which if reached, will make NASDAQ:WB worth $393.60M less.
Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on March, 1. They expect $0.23 earnings per share, up 155.56% or $0.14 from last year’s $0.09 per share. WB’s profit will be $48.51M for 50.71 P/E if the $0.23 EPS becomes a reality. After $0.14 actual earnings per share 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. Weibo Corp has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Overweight” rating by Morgan Stanley on Thursday, December 17. The rating was downgraded by Zacks to “Hold” on Wednesday, August 26. The rating was upgraded by Summit Research on Thursday, August 27 to “Hold”. The rating was reinitiated by JP Morgan on Wednesday, August 31 with “Overweight”. The company was maintained on Tuesday, November 17 by TH Capital. The company was maintained on Thursday, August 11 by Goldman Sachs. The rating was downgraded by Goldman Sachs on Monday, May 16 to “Neutral”. The stock has “Buy” rating given by Citigroup on Friday, August 5. Citigroup downgraded the shares of WB in a report on Thursday, October 29 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, August 19 by Piper Jaffray.
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 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.
The Germany-based Deutsche National Bank & Trust Ag has invested 0% in Weibo Corp (ADR) (NASDAQ:WB). Cubist Systematic Strategies Lc reported 8,904 shares or 0.01% of all its holdings. Symmetry Peak Mngmt Ltd Limited Liability Company holds 58,300 shares or 0.28% of its portfolio. First Trust Advisors Limited Partnership last reported 0% of its portfolio in the stock. Jpmorgan Chase & has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). State Of Wisconsin Inv Board has 0.01% invested in the company for 98,794 shares. Geode Capital Management Llc last reported 67,496 shares in the company. Wells Fargo And Mn accumulated 0.03% or 2.94 million shares. Dixon Hubard Feinour Brown Va has 7,100 shares for 0.06% of their US portfolio. Savings Bank Of Ny Mellon has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Bnp Paribas Arbitrage Sa has 0% invested in the company for 7 shares. Tower Cap Limited Company (Trc) holds 354 shares or 0% of its portfolio. Toronto Dominion Bank & Trust holds 0.01% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB) for 85,390 shares. Mizuho Trust Bk Company has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Granite Point Capital Mngmt Limited Partnership, a Massachusetts-based fund reported 29,300 shares.
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: “/quotes/zigman/3870025/realtime” with publication date: April 18, 2011.
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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