Aqr Capital Management Cut Bed Bath & Beyond (BBBY) Stake By $4.17 Million; Wachovia New (WB) Has 1.22 Sentiment

July 20, 2017 - By Hazel Jackson

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The company has market cap of $16.10 billion. The Firm provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It has a 111.79 P/E ratio. It operates in two divisions: advertising and marketing services and other services.

Aqr Capital Management Llc decreased Bed Bath & Beyond Inc (BBBY) stake by 22.64% reported in 2016Q4 SEC filing. Aqr Capital Management Llc sold 104,175 shares as Bed Bath & Beyond Inc (BBBY)’s stock declined 14.12%. The Aqr Capital Management Llc holds 356,004 shares with $14.47M value, down from 460,179 last quarter. Bed Bath & Beyond Inc now has $4.34B valuation. The stock rose 1.06% or $0.31 reaching $29.5. About 1.35M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since July 20, 2016 and is downtrending. It has underperformed by 33.04% the S&P500.

About 961,426 shares traded. Weibo Corp (ADR) (WB) has risen 239.00% since July 20, 2016 and is uptrending. It has outperformed by 222.30% the S&P500.

Ratings analysis reveals 100% of Weibo’s analysts are positive. Out of 3 Wall Street analysts rating Weibo, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $60.0 while the high is $63.0. The stock’s average target of $61.67 is -16.40% below today’s ($73.77) share price. WB was included in 3 notes of analysts from October 7, 2016. The rating was initiated by Instinet on Monday, February 13 with “Buy”. CLSA initiated Weibo Corp (ADR) (NASDAQ:WB) rating on Monday, December 12. CLSA has “Buy” rating and $62.0 target. The rating was maintained by TH Capital with “Buy” on Friday, October 7.

Keywise Capital Management Ltd holds 4.31% of its portfolio in Weibo Corp (ADR) for 122,500 shares. Granite Point Capital Management L.P. owns 17,400 shares or 0.56% of their US portfolio. Moreover, Navellier & Associates Inc has 0.44% invested in the company for 65,743 shares. The New York-based Prelude Capital Management Llc has invested 0.42% in the stock. Harding Loevner Lp, a New Jersey-based fund reported 1.24 million shares.

Analysts await Weibo Corp (ADR) (NASDAQ:WB) to report earnings on August, 14. They expect $0.31 EPS, up 158.33% or $0.19 from last year’s $0.12 per share. WB’s profit will be $67.66 million for 59.49 P/E if the $0.31 EPS becomes a reality. After $0.21 actual EPS reported by Weibo Corp (ADR) for the previous quarter, Wall Street now forecasts 47.62% EPS growth.

Among 28 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 7 Sell and 19 Hold. Therefore 7% are positive. Bed Bath & Beyond had 54 analyst reports since September 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 23 by Telsey Advisory Group. As per Friday, May 12, the company rating was upgraded by Loop Capital. The firm has “Neutral” rating by Credit Suisse given on Thursday, March 31. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Neutral” rating given on Friday, September 25 by Credit Agricole. On Thursday, June 23 the stock rating was maintained by Goldman Sachs with “Sell”. The firm has “Neutral” rating given on Thursday, June 23 by JP Morgan. Citigroup downgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Wednesday, January 27 to “Sell” rating. Robert W. Baird maintained the shares of BBBY in report on Friday, January 8 with “Neutral” rating. The company was maintained on Wednesday, December 23 by Wedbush. Telsey Advisory Group maintained the shares of BBBY in report on Thursday, December 22 with “Market Perform” rating.

Aqr Capital Management Llc increased Callon Pete Co Del (NYSE:CPE) stake by 92,993 shares to 284,476 valued at $4.37M in 2016Q4. It also upped Msci Inc (NYSE:MSCI) stake by 62,936 shares and now owns 878,010 shares. Las Vegas Sands Corp (NYSE:LVS) was raised too.

Since May 5, 2017, it had 0 buys, and 1 sale for $3.59 million activity. TEMARES STEVEN H had sold 96,109 shares worth $3.59 million on Friday, May 5.

Analysts await Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report earnings on September, 19 after the close. They expect $0.95 earnings per share, down 14.41% or $0.16 from last year’s $1.11 per share. BBBY’s profit will be $139.76M for 7.76 P/E if the $0.95 EPS becomes a reality. After $0.58 actual earnings per share reported by Bed Bath & Beyond Inc. for the previous quarter, Wall Street now forecasts 63.79% EPS growth.