308 institutions hold shares in Weibo Corporation (WB), with 16.39M shares held by insiders accounting for 7.22% while institutional investors hold 45.37% of the company’s shares. The shares outstanding are 227.11M, and float is at 13.90M with Short Float at 56.89%. Institutions hold 42.10% of the Float.
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The top institutional shareholder in the company is Invesco Ltd. with over 9.25 million shares valued at $378.98 million. The investor’s holdings represent 7.42% of the WB Shares outstanding. As of Dec 30, 2020, the second largest holder is Alibaba Group Holding Ltd with 9.0 million shares valued at $368.91 million to account for 7.22% of the shares outstanding. The other top investors are Schroder Investment Management Group which holds 5.29 million shares representing 4.25% and valued at over $217.04 million, while Wells Fargo & Company holds 3.01% of the shares totaling 3.76 million with a market value of $153.94 million.
Weibo Corporation (NASDAQ: WB) is 44.21% higher on its value in year-to-date trading and has touched a low of $28.93 and a high of $63.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WB stock was last observed hovering at around $58.30 in the last trading session, with the day’s gains setting it 0.81% off its average median price target of $45.00 for the next 12 months. It is also 15.56% off the consensus price target high of $70.00 offered by 20 analysts, but current levels are -59.76% lower than the price target low of $37.00 for the same period.
Currently trading at $59.11, the stock is 11.28% and 26.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 1.39% at the moment leaves the stock 49.88% off its SMA200. WB registered 38.24% gain for a year compared to 6-month gain of 74.93%. The firm has a 50-day simple moving average (SMA 50) of $48.69 and a 200-day simple moving average (SMA200) of $41.86.
The stock witnessed a 37.59% loss in the last 1 month and extending the period to 3 months gives it a 30.17%, and is -3.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.46% over the week and 6.24% over the month.
Weibo Corporation (WB) has around 4126 employees, a market worth around $13.15B and $1.64B in sales. Current P/E ratio is 35.89 and Fwd P/E is 22.31. Profit margin for the company is 23.10%. Distance from 52-week low is 104.32% and -6.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).
Weibo Corporation (WB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Weibo Corporation (WB) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Weibo Corporation is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $499.05M over the same period.The EPS is expected to shrink by -11.10% this year, but quarterly earnings will post -5.30% year-over-year. Quarterly sales are estimated to grow 6.60% in year-over-year returns.
Weibo Corporation (WB): Who are the competitors?
The company’s main competitors (and peers) include Phoenix New Media Limited (FENG) that is trading 128.38% up over the past 12 months. SINA Corporation (SINA) is 20.59% up on the 1-year trading charts. Short interest in the company’s stock has fallen -24.78% from the last report on Dec 30, 2020 to stand at a total of 9.87 million short shares sold with a short interest ratio of 4.29.