Weibo Co. (NASDAQ:WB) Shares Purchased by Signaturefd LLC

Posted by Defense World Staff on Apr 15th, 2023

Signaturefd LLC increased its stake in shares of Weibo Co. (NASDAQ:WB – Get Rating) by 43.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 19,710 shares of the information services provider’s stock after acquiring an additional 5,968 shares during the period. Signaturefd LLC’s holdings in Weibo were worth $377,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new position in shares of Weibo in the 3rd quarter valued at approximately $26,000. Lindbrook Capital LLC raised its position in shares of Weibo by 82.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,497 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 677 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of Weibo by 88.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 651 shares in the last quarter. Janiczek Wealth Management LLC raised its position in shares of Weibo by 362.2% in the 3rd quarter. Janiczek Wealth Management LLC now owns 4,895 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of Weibo in the 3rd quarter valued at approximately $76,000. 27.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WB shares. The Goldman Sachs Group raised Weibo from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Sunday, January 8th. JPMorgan Chase & Co. assumed coverage on Weibo in a report on Monday, January 30th. They issued a “neutral” rating for the company. Finally, StockNews.com assumed coverage on Weibo in a report on Thursday, March 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.86.

Weibo Price Performance

Shares of NASDAQ WB opened at $17.33 on Friday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 48.14, a price-to-earnings-growth ratio of 0.80 and a beta of 0.51. The business has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $17.76. The company has a current ratio of 3.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.72. Weibo Co. has a twelve month low of $10.02 and a twelve month high of $25.57.

Weibo Profile

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Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.

Weibo Co. (NASDAQ:WB) Shares Purchased by Signaturefd LLC

Analysts Set New Price Targets

Weibo Price Performance

Weibo Profile

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