E Fund Management Co. Ltd. Has $4.38 Million Stake in Weibo Co. (NASDAQ:WB)

E Fund Management Co. Ltd. lifted its holdings in Weibo Co. (NASDAQ:WB) by 1,003.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,206 shares of the information services provider’s stock after acquiring an additional 416,690 shares during the quarter. E Fund Management Co. Ltd. owned approximately 0.19% of Weibo worth $4,376,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Blue Trust Inc. boosted its stake in Weibo by 155.2% in the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Weibo during the 4th quarter worth about $70,000. Creative Planning acquired a new position in Weibo during the 3rd quarter worth about $112,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Weibo by 17.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock worth $134,000 after acquiring an additional 1,970 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Weibo in the 4th quarter valued at about $167,000. 68.77% of the stock is currently owned by institutional investors.

Weibo Stock Up 1.4 %

Shares of NASDAQ:WB opened at $10.82 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 7.41 and a beta of 0.27. The company has a 50 day moving average of $10.04 and a 200-day moving average of $9.35. Weibo Co. has a one year low of $7.03 and a one year high of $12.40.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WB shares. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Benchmark reaffirmed a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.28.

About Weibo

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.