Latest Stocks: Weibo Corp (WB) Given Overweight Rating at Barclays PLC

Latest Stocks: Weibo Corp (WB) Given Overweight Rating at Barclays PLC

Weibo Corp (NASDAQ:WB)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a research note issued to investors on Wednesday, May 17th. They presently have a $85.00 price target on the information services provider’s stock, up from their previous price target of $66.00. Barclays PLC’s price target indicates a potential upside of 12.90% from the stock’s previous close.

WB has been the topic of several other research reports. Instinet began coverage on shares of Weibo Corp in a research report on Monday, February 13th. They issued a “buy” rating and a $63.00 price target on the stock. Jefferies Group LLC lifted their price target on shares of Weibo Corp to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Benchmark Co. began coverage on shares of Weibo Corp in a research note on Tuesday, April 18th. They issued a “buy” rating and a $65.00 price objective for the company. TheStreet raised shares of Weibo Corp from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Finally, Zacks Investment Research raised shares of Weibo Corp from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Thursday, April 27th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $66.95.

Weibo Corp (WB) opened at 75.29 on Wednesday. Weibo Corp has a one year low of $26.01 and a one year high of $82.28. The stock has a 50 day moving average price of $64.28 and a 200-day moving average price of $52.68. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 114.42 and a beta of 2.66.

A number of hedge funds and other institutional investors have recently made changes to their positions in WB. HBK Investments L P acquired a new stake in Weibo Corp during the third quarter worth $875,000. Hsbc Holdings PLC boosted its stake in Weibo Corp by 243.9% in the third quarter. Hsbc Holdings PLC now owns 137,223 shares of the information services provider’s stock worth $6,882,000 after buying an additional 97,317 shares during the last quarter. KCG Holdings Inc. acquired a new stake in Weibo Corp during the third quarter worth $1,097,000. BOKF NA acquired a new stake in Weibo Corp during the third quarter worth $233,000. Finally, Principal Financial Group Inc. acquired a new stake in Weibo Corp during the third quarter worth $15,691,000. Hedge funds and other institutional investors own 16.58% of the company’s stock. Weibo Corp Company Profile

Related posts

Leave a Comment