DBS Group Holdings Ltd. (ADR) (OTCMKTS:DBSDY), Southeast Asia’s largest bank, said it’s also beginning to see technology firms make inroads into their turf, including Chinese companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. DBS Group Holdings Ltd. (ADR) (OTCMKTS:DBSDY) on last trading day company shares ended up $53.55 .
WallachBeth Capital downgraded shares of Weibo Corp (ADR) (NYSE:WB) from a buy rating to a hold rating in a report issued on Tuesday, Analyst Ratings Net reports. They currently have $2.50 target price on the stock, down from their previous target price of $4.00. Weibo Corp (ADR) (NASDAQ:WB) shares advanced 0.87% in last trading session and ended the day on $19.72. Gross Margin is 68.20 % and its return on assets is -38.40%.
Yelp Inc. (NYSE:YELP) has dropped roughly 40% in value over last three months following the momentum stock sell-off, which began in March, when investors became concerned about the high valuations of tech stocks and started to fear another dotcom bubble. The company’s valuation multiples have roughly halved in the last three months as investors pull down the valuations of high-growth momentum stocks. Yelp Inc (NYSE:YELP) a share moved up 1.08% in last trading session and was closed at $55.20, while trading in range of $52.55 – $55.31. Yelp Inc (NYSE:YELP) year to date (YTD) performance is -19.94%.
Professional networking site LinkedIn Corp (NYSE:LNKD) is proposing to add office space in its hometown in Silicon Valley, a newspaper reported. The company and a developer have submitted paperwork to city officials in Mountain View for multiple office buildings that could total 2.6 million square feet and employ up to 13,000 new workers, The Oakland Tribune reported on Wednesday (http://bit.ly/1sr1CQw ). LinkedIn Corp (NYSE:LNKD) ended the last trading day at $147.86. Company weekly volatility is calculated as 3.70% and price to cash ratio as 7.81. LinkedIn Corp (NYSE:LNKD) showed a positive weekly performance of 1.92%.
Zynga Inc (NASDAQ:ZNGA) a leading social game developer, today announced that Hit It Rich! slots is now available worldwide on Google Play, giving consumers more options for how, when and where they play their favorite slots game. Hit It Rich!,already available for free download on iPhone, iPad and on the Web, is currently one of the most popular Casino game on Apple’s App Store and has the world’s largest portfolio of branded social slots games. Zynga Inc (NASDAQ:ZNGA) net profit margin is -13.20% and weekly performance is -5.08%. On last trading day company shares ended up $3.36. Analysts mean target price for the company is $4.65. Zynga Inc (NASDAQ:ZNGA) distance from 50-day simple moving average (SMA50) is -24.62%.