ARGA Investment Management LP has recently announced that it has increased stake in Weibo Corporation (NASDAQ:WB) by 3.01%. After grabbing 5.96 million shares, the institutional investor is now in possession of 0.17 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 4.02% having worth around $104.42 million. Moreover, Maple Rock Capital Partners, Inc. increased its share by 2.83 million to have a control over 2.83 million shares. And Morgan Stanley & Co. LLC raised its holdings to 2.24 million shares by acquiring 2.42 million shares or 1.63% of the stake.
Weibo Corporation (WB) concluded trading on 05/25/23 at a closing price of $15.31, with 1.63 million shares of worth about $24.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.75% during that period and on Thursday the price saw a loss of about -4.67%. Currently the company’s common shares owned by public are about 234.03M shares, out of which, 129.45M shares are available for trading.
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Hermes Invt. Funds – Asia, KraneShares CSI China Internet ET, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Weibo Corporation Hermes Invt. Funds – Asia is currently holding 3.06 million shares of worth totaling $53.63 million. The company recently came buying 0.19 million shares which brought its stake up to 2.06% of the company’s outstanding shares. KraneShares CSI China Internet ET sold 53924.0 shares, after which its hold over company’s outstanding shares shrunk to 1.93%, leaving 2.86 million shares with the mutual fund that have a worth of about $50.1 million. Government Pension Fund – Global, after buying 2.13 million shares, have now control over 1.43% of the stake in the company. It holds 1.98 million shares of worth $37.24 million.
Weibo Corporation (NASDAQ: WB) started trading at $15.27, below -$0.79 from concluding price of the previous day. However, the stock later moved at a day high price of 16.04, or with a loss of -4.67%. Stock saw a price change of -8.81% in past 5 days and over the past one month there was a price change of -7.88%. Year-to-date (YTD), WB shares are showing a performance of -19.93% which decreased to -25.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.02 but also hit the highest price of $25.57 during that period. The average intraday trading volume for Weibo Corporation shares is 1.06 million. The stock is currently trading -7.43% below its 20-day simple moving average (SMA20), while that difference is down -11.21% for SMA50 and it goes to -13.78% lower than SMA200.
ARGA Investment Management LP acquired 5.96 million shares of Weibo Corporation having value of about $104.42 million. Data submitted at the U.S SEC by ARGA Investment Management LP revealed that the firm now holds 0.17 million shares in the company valued at close to $2669068.85, or have control over 3.01% stake in the company. Weibo Corporation (NASDAQ: WB) currently have 234.03M outstanding shares and institutions hold larger chunk of about 39.50% of that. Holding of mutual funds in the company is about 18.92% while other institutional holders and individual stake holders have control over 31.21% and — of the stake respectively.
The stock has a current market capitalization of $3.94B and its 3Y-monthly beta is at 0.52. PE ratio of stock for trailing 12 months is 41.83, while it has posted earnings per share of $0.37 in the same period. It has Quick Ratio of 3.70 while making debt-to-equity ratio of 0.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WB, volatility over the week remained 4.26% while standing at 4.25% over the month.
Analysts are in expectations that Weibo Corporation (WB) stock would likely to be making an EPS of $0.43 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.5 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.38 which is $0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -80.50% while it is estimated to increase by 12.70% in next year. EPS is likely to grow at an annualized rate of -7.85% for next 5-years, compared to annual growth of -25.40% made by the stock over the past 5-years.
