Weibo Co. (NASDAQ:WB) Shares Bought by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd raised its stake in shares of Weibo Co. (NASDAQ:WB) by 14.6% during the fourth quarter, HoldingsChannel reports. The firm owned 575,750 shares of the information services provider’s stock after purchasing an additional 73,412 shares during the quarter. Weibo makes up about 1.4% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 12th largest position. Polunin Capital Partners Ltd’s holdings in Weibo were worth $5,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of Weibo in the 4th quarter valued at $229,000. Blue Trust Inc. increased its holdings in shares of Weibo by 155.2% in the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Weibo in the fourth quarter valued at about $70,000. DGS Capital Management LLC raised its stake in shares of Weibo by 89.0% in the third quarter. DGS Capital Management LLC now owns 61,910 shares of the information services provider’s stock worth $624,000 after purchasing an additional 29,155 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Weibo by 16.5% during the third quarter. Franklin Resources Inc. now owns 27,464 shares of the information services provider’s stock worth $266,000 after purchasing an additional 3,884 shares during the period. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.28.

Weibo Trading Up 5.1 %

Weibo stock opened at $10.74 on Friday. The firm has a market cap of $2.61 billion, a PE ratio of 7.36 and a beta of 0.26. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The stock’s 50 day simple moving average is $9.74 and its two-hundred day simple moving average is $8.94. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.