Weibo Surpassed Sina Corp in Market Value: Weibo Corp (NASDAQ:WB), SINA (NASDAQ:SINA), Baidu Inc. (NASDAQ:BIDU), Qihoo 360 Technology (NYSE:QIHU)

Posted by on Apr 22, 2014

The latter case applies to Weibo Corp (ADR) (NASDAQ:WB) the Chinese social network most often compared to twitter. Last week, Weibo shares popped 19% in the first day of trading, receding slightly after briefly hitting $24 a share. Weibo Corp (ADR) (NASDAQ:WB) shares after opening at $21.61 moved to $24.17 on last trade day and at the end of the day closed at $22.61. Company price to sales ratio in past twelve months was calculated as 24.89.

SINA Corp (NASDAQ:SINA) revenue growth came in higher than the industry average of 11.7%. Since the same quarter one year prior, revenues rose by 41.6%. Growth in the company’s revenue appears to have helped boost the earnings per share. SINA Corp (NASDAQ:SINA) shares fell -0.94% in last trading session and ended the day on $56.02. SINA return on equity ratio is recorded as 3.90% and its return on assets is 2.10%. SINA Corp (NASDAQ:SINA) yearly performance is 21.10%.

Baidu Inc. (ADR) (NASDAQ:BIDU) will report its financial results for first quarter ended Mar. 31, 2014, after the U.S. market closes on Apr. 24, 2014. Baidu Inc. (ADR) (NASDAQ:BIDU) shares moved up 2.77% in last trading session and was closed at $160.11, while trading in range of $155.99 – $160.14. Baidu Inc. (ADR) (NASDAQ:BIDU) year to date (YTD) performance is -9.99%.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), a leading Internet company in China, on 14 April announced that it has appointed Ms. Jie Chen as Senior Vice President primarily responsible for platform operations such as PC browser and 360 Mobile Application Store as well as mobile games. Qihoo 360 Technology Co Ltd (NYSE:QIHU) weekly performance is 5.16%. On last trading day company shares ended up $91.49. Qihoo 360 Technology Co Ltd (NYSE:QIHU) distance from 50-day simple moving average (SMA50) is -10.99%. Analysts mean target price for the company is $130.74.

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