Weibo Corp (WB) Rating Reiterated by Barclays PLC

20 Mai, 2017, 05:54 | Author: Marc Bacque

Weibo Corp (NASDAQ:WB) opened at 74.80 on Thursday. They presently have a $85.00 price target on the information services provider's stock, up from their previous price target of $66.00.

05/09/2017 - Weibo Corporation had its "buy" rating reiterated by analysts at T.H. Capital. Zacks Investment Research raised Weibo Corp from a hold rating to a buy rating and set a $61.00 price target for the company in a research report on Thursday, April 27th. TheStreet upgraded Weibo Corp from a "c" rating to a "b-" rating in a report on Monday, April 17th. They set a buy rating and a $65.00 price target for the company. Jefferies Group LLC upped their target price on Weibo Corp to $67.00 and gave the company a "buy" rating in a report on Wednesday, March 1st. Instinet initiated coverage on shares of Weibo Corp in a research report on Monday, February 13th. They set a buy rating and a $63.00 price objective on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company.

The company's consensus rating on Reuter's scale improved from 2 to 3 during a month.

Weibo Corp (NASDAQ:WB) traded up 5.087% during trading on Wednesday, hitting $78.605. The stock had a trading volume of 3,456,680 shares. Weibo Corp has a 1-year low of $22.89 and a 1-year high of $79.70. The firm's 50 day moving average price is $55.54 and its 200-day moving average price is $49.86. The company has a market capitalization of $15.94 billion, a P/E ratio of 116.88 and a beta of 2.66.

Weibo Corp (NASDAQ:WB) last issued its quarterly earnings results on Tuesday, May 16th. The information services provider reported $0.26 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.05. The firm had revenue of $199.20 million for the quarter, compared to analyst estimates of $188.29 million. Weibo Corp had a return on equity of 12.79% and a net margin of 14.22%. The Average Volume of the company is 1.99 Million and P/E (price to earnings) ratio is 163.64, while Forward P/E ratio is 40.35. During the same period in the prior year, the business posted $0.07 earnings per share.

Sen. Burr says Flynn hasn't responded to subpoena
Despite the disclosure, Trump appointed Flynn as his national security adviser. On May 18, the chairman of the intelligence committee, Republican Sen.


Delhi government to turn 89 villages into urban areas with land pooling
The DDA's Master Plan Delhi (MPD) 2021, which proposes construction of 25 lakh new housing units by 2021 is likely to get a boost. Jain said the disagreements on the policy between the government and DDA had been resolved.


Wizards put up Wall to bring down Celtics in heated playoff
The Wizards got into the paint with nearly no resistance and despite starting Amir Johnson , there was zero presence on the glass. He was loudly booed every time he touched the ball, including a missed three with a minute left in the first quarter.


The consensus analysts recommendation at this point stands at 1.90 on Weibo Corporation (NASDAQ:WB).

ILLEGAL ACTIVITY WARNING: This news story was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & worldwide trademark and copyright law.

Several hedge funds and other institutional investors have recently modified their holdings of WB. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Weibo Corp during the third quarter worth approximately $13,544,000. Ariose Capital Management Ltd purchased a new stake in Weibo Corp during the third quarter worth about $2,948,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Weibo Corp by 183.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,017,638 shares of the information services provider's stock valued at $151,305,000 after buying an additional 79,178 shares in the last quarter. Investors will be keeping a close eye on the stock during this session to see if the upward trend will remain throughout the day.

Weibo Corporation 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. On the other hand, such growth rates in EPS are more consistent in case of "matured companies" which has experienced a whole economic cycle of expansion and contraction, through a bear market phase along with a bull run.

Conseillé:

  • Microsoft Blames Spy Agencies For Ransomware Attack

    Microsoft Blames Spy Agencies For Ransomware Attack

    Unfortunately, there are many systems that simply are rarely updated , such (believe it or not) many military systems. Users of older software, such as Windows XP, had to pay hefty fees for technical support, it added.
    Final survey for rail connectivity to Chardham this week

    Final survey for rail connectivity to Chardham this week

    The four Dhams have their varied and distinctive elevation levels along with unique spiritual significance. As per the reconnaissance survey, the total route length is 327 km and will cost Rs 43,292 crore.
    Asian shares mixed as Trump, Brazil worries simmer

    Asian shares mixed as Trump, Brazil worries simmer

    Temer refused on Thursday to resign after the Supreme Court authorized an investigation into the allegations. Strong economic indicators from the U.S. helped lift the dollar overnight, but it slipped back on Friday.
  • Melania Trump announces 1st overseas trip as first lady

    Melania Trump announces 1st overseas trip as first lady

    It was a blindside that will substantially escalate the investigation into the Trump campaign's dealings with Russian Federation . Last week, the New York Times reported that President Trump raised the idea of Guilfoyle as press secretary to his associates.

    14th GST Council Meeting at SKICC today

    The meeting of the Fitment Committee and preparatory meeting of the officers was convened at SKICC here today in this regard. Jaitley had earlier this month expressed confidence of the GST Council arriving at tax rates in the May 18-19 meeting.
    All of Ubisoft's games will have live services

    All of Ubisoft's games will have live services

    According to this leak, the next " Assassin's Creed " game is set to take place in Egypt. Ubisoft has just revealed their plans to release four big titles next year.
  • Steward Health Care to Buy Iasis Healthcare for $1.9 Billion

    Steward Health Care to Buy Iasis Healthcare for $1.9 Billion

    From its founding, de la Torre envisioned the company growing beyond MA , but his plans didn't materialize until recently. A Steward spokesman said the company wouldn't offer additional details until the deal is officially finalized.

    Zynga's (ZNGA) "Buy" Rating Reaffirmed at Jefferies Group LLC

    Jefferies Group LLC reissued a "buy" rating and issued a $5.00 price objective on shares of Zynga in a research report on Monday. Finally, Benchmark Co. reissued a "buy" rating and set a $3.65 price target on shares of Zynga in a report on Friday, May 5th.
    Redknapp on Man Utd manager Mourinho: His reputation rests on Europa final

    Redknapp on Man Utd manager Mourinho: His reputation rests on Europa final

    The result had no material impact on United's season, given they were already guaranteed to finish sixth but Mourinho will have been concerned by injuries sustained by Juan Mata and Marouane Fellaini.
  • Anthony Weiner to plead guilty in sexting case

    Anthony Weiner to plead guilty in sexting case

    Weiner's lawyers had been negotiating with federal prosecutors to avoid child pornography charges, the New York Daily News said. He was in Federal Bureau of Investigation custody Friday morning after turning himself in, ABC News reported .
    Fernandes scores 3 goals, Sporting KC beats Sounders

    Fernandes scores 3 goals, Sporting KC beats Sounders

    Fernandes on the improved effort after halftime: "Basically (coach) Peter (Vermes ) had to scream at us in the locker room". Minnesota United learned today that they will be taking on Sporting Kansas City in the fourth round of the 2017 U.S.
    Moto C & C Plus Won't Let Price Bring It Down

    Moto C & C Plus Won't Let Price Bring It Down

    Combined with the low-power processors and low-resolution screens, both phones should have great battery life in real-world usage. They are expected to launch a slew of devices, most of which will be refined versions of their previous flagship smartphones.


Populaire

Pep Guardiola calls for introduction of video technology
Guardiola's main frustration with referees this season is that, in his view, they are less likely to award fouls than officials in Spain and Germany.

Kelly Olynyk shines as Celtics down Wizards to set up Cavaliers showdown
Just a few minutes later, Smart took the same walk and smiled at Olynyk - already sitting in his vehicle and waiting to go home. On Monday night, the Celtics stood tall on the dramatic, nerve-infested stage that is an Eastern Conference semifinal Game 7.

Trump tells Russians Comey was a 'nut job'
The appointment of the special counsel indicates others believe that's still open to question. But when I made that decision, I actually thought that it would be a bipartisan decision.

Un responsable algérien agresse physiquement un diplomate marocain — Onu- Sahara
Qu'un représentant algérien se déplace jusqu'à Sainte-Lucie et énervé par la demande de nos représentants, en vienne ainsi aux mains.

Le PSG échoue en finale — CdF-F
Sur l'aile droite, la Brésilienne Cristiane a pris le meilleur sur Amel Majri avant d'envoyer le ballon en pleine lucarne. Au bout de la nuit après huits tireuses de part et d'autre.

Sesame Street, SeaWorld plan more joint theme parks
It now has a Sesame Place theme park in Langhorne, Pennsylvania, between Philadelphia and New York City, which opened in 1980. The new park will open no later than mid-2021, but a location hasn't been determined, officials said.

US, China reach deals on access for beef, financial services
China banned USA beef in December 2013 after a case of bovine spongiform encephalopathy in a dairy cow was found in the U.S. Lubbock cattleman Hadley Mann said the partnership was "something that we needed in the market from the get-go".

United Kingdom police perch on a roof to raise money for Special Olympics
Moline Police Officers are raising money for the Illinois Special Olympics today from thirty feet off the ground. Dunkin' donuts themselves will be donating 15-thousand dollars to the IL law enforcement torch run.

CHP issues Amber Alert for boy out of San Francisco
The suspect was last seen driving a 2000 tan Toyota Corolla, California License Plate Number 5SEy238. Makai Bangoura, 1, has been missing since May 12 and police say was taken by suspect Jason Lam, 30.

Aadhaar's architecture of state surveillance of the citizens, SC told
However, the bench asked "why this second petition when you have already filed a plea earlier seeking similar reliefs". Divan said the petition for interim reliefs were not listed for hearing before the court by the apex court registry.