Weibo Corp (NASDAQ:WB) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 11,334,400 shares, a decline of 16.7% from the June 30th total of 13,604,700 shares. Currently, 9.3% of the company’s stock are sold short. Based on an average trading volume of 2,220,000 shares, the short-interest ratio is currently 5.1 days.

NASDAQ WB traded down $0.85 during trading hours on Wednesday, reaching $34.68. The stock had a trading volume of 925,840 shares, compared to its average volume of 2,218,092. The company’s fifty day moving average is $40.49. The stock has a market cap of $7.89 billion, a PE ratio of 13.76 and a beta of 2.21. Weibo has a 52-week low of $34.26 and a 52-week high of $83.35. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.45.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, May 23rd. The information services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $399.18 million for the quarter, compared to analyst estimates of $399.65 million. Weibo had a return on equity of 37.16% and a net margin of 35.25%. Weibo’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. On average, equities analysts forecast that Weibo will post 2.49 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on WB shares. Zacks Investment Research upgraded Weibo from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. TheStreet lowered Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. HSBC lowered Weibo from a “hold” rating to a “reduce” rating and set a $45.54 price target on the stock. in a research note on Friday, May 24th. Jefferies Financial Group started coverage on Weibo in a research note on Monday, August 5th. They set a “hold” rating and a $43.60 price target on the stock. Finally, Benchmark restated a “buy” rating and set a $51.00 price target (down previously from $81.00) on shares of Weibo in a research note on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Weibo presently has an average rating of “Hold” and an average target price of $60.46.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Weibo by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 210,900 shares of the information services provider’s stock worth $12,338,000 after acquiring an additional 10,233 shares during the period. Geode Capital Management LLC raised its stake in Weibo by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 151,136 shares of the information services provider’s stock worth $8,789,000 after acquiring an additional 2,401 shares during the period. Bank of America Corp DE raised its stake in Weibo by 38.7% during the 4th quarter. Bank of America Corp DE now owns 124,975 shares of the information services provider’s stock worth $7,303,000 after acquiring an additional 34,880 shares during the period. Millennium Management LLC raised its stake in Weibo by 28.4% during the 4th quarter. Millennium Management LLC now owns 82,020 shares of the information services provider’s stock worth $4,792,000 after acquiring an additional 18,151 shares during the period. Finally, FMR LLC raised its stake in Weibo by 21,207.0% during the 4th quarter. FMR LLC now owns 42,614 shares of the information services provider’s stock worth $2,490,000 after acquiring an additional 42,414 shares during the period. 24.74% of the stock is owned by institutional investors.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company 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; and discovery products to help users discover content on its platform.

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