Today Jefferies Reaffirms a Buy Rating on Weibo (NASDAQ:WB) and a $140 Target Price

August 10, 2018 - By Rene Reddy

Investors sentiment decreased to 1.48 in Q1 2018. Its down 0.33, from 1.81 in 2017Q4. It is negative, as 27 investors sold Weibo Corporation shares while 68 reduced holdings. 40 funds opened positions while 101 raised stakes. 37.95 million shares or 4.49% more from 36.32 million shares in 2017Q4 were reported.

Principal Fincl Group owns 277,659 shares or 0.03% of their US portfolio. Myriad Asset Mgmt Limited holds 121,300 shares. Geode Cap Mngmt Lc accumulated 123,570 shares. 418,660 were reported by Grantham Mayo Van Otterloo & Comm Limited Liability Corporation. Tcw Gp Incorporated invested 0.02% of its portfolio in Weibo Corporation (NASDAQ:WB). Origin Asset Mgmt Ltd Liability Partnership, United Kingdom-based fund reported 176,500 shares. Keybank Natl Association Oh holds 0.01% or 17,372 shares in its portfolio. Invesco Ltd holds 0.01% or 161,715 shares. Hsbc Holdg Public Ltd owns 246,952 shares. Credit Suisse Ag holds 253,442 shares or 0.03% of its portfolio. 2,350 were reported by Holderness Invests. Harding Loevner Limited Partnership holds 4.24% in Weibo Corporation (NASDAQ:WB) or 6.93M shares. Parallax Volatility Advisers L P invested 0% of its portfolio in Weibo Corporation (NASDAQ:WB). Wellington Grp Llp has invested 0.08% in Weibo Corporation (NASDAQ:WB). 94,461 are owned by Citigroup Inc.

Weibo (NASDAQ:WB) Rating Reaffirmed

The firm has just set a target of $140 on Weibo (NASDAQ:WB) shares. This is 77.60 % from the previous close. In an analyst note revealed to investors on 9 August, Jefferies reaffirmed their Buy rating on shares of WB.

Weibo Corporation (NASDAQ:WB) Ratings Coverage

Among 4 analysts covering Weibo (NASDAQ:WB), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Weibo has $150.0 highest and $130 lowest target. $139.50’s average target is 76.96% above currents $78.83 stock price. Weibo had 5 analyst reports since February 14, 2018 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Thursday, February 15 report. The firm has “Buy” rating given on Thursday, August 9 by Jefferies. On Monday, July 30 the stock rating was maintained by Barclays Capital with “Overweight”. Barclays Capital maintained the stock with “Buy” rating in Wednesday, February 14 report.

The stock decreased 1.61% or $1.29 during the last trading session, reaching $78.83. About 246,167 shares traded. Weibo Corporation (NASDAQ:WB) has risen 32.23% since August 10, 2017 and is uptrending. It has outperformed by 19.66% the S&P500.

Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. The company has market cap of $17.56 billion. It operates through two divisions, Advertising and Marketing Services, and Other Services. It has a 44.06 P/E ratio. The firm offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform; and notifications to notify users on Weibo account activities through SMS or push notification on their device.

More notable recent Weibo Corporation (NASDAQ:WB) news were published by: Investorplace.com which released: “4 Chinese Stocks To Buy During the Tech Dip” on August 07, 2018, also Nasdaq.com with their article: “China Internet Stocks Are Now Dramatically Undervalued” published on July 31, 2018, Seekingalpha.com published: “Weibo +2.4% on Q2 beats, MAU and DAU growth” on August 08, 2018. More interesting news about Weibo Corporation (NASDAQ:WB) were released by: Seekingalpha.com and their article: “Weibo: A Falling Knife?” published on August 09, 2018 as well as Finance.Yahoo.com‘s news article titled: “5 Top Stock Trades for Thursday — Buy Snap’s Earnings Slip?” with publication date: August 09, 2018.

Weibo Corporation (NASDAQ:WB) Ratings Chart

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