Is Weibo Corp (ADR) (WB) A Good Stock To Buy?

Now, specific money managers were breaking ground themselves. Two Sigma Advisors established the largest position in Weibo Corp (ADR) (NASDAQ:WB). Jericho Capital Asset Management also made a $25.8 million investment in the stock during the quarter. Louis Bacon’s Moore Global Investments and Ken Griffin’s Citadel Investment Group were also among the new WB investors.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Weibo Corp (ADR) (NASDAQ:WB) but similarly valued. We will take a look at Fabrinet (NYSE:FN), Hub Group Inc (NASDAQ:HUBG), Ladder Capital Corp (NYSE:LADR), and The Navigators Group, Inc (NASDAQ:NAVG). This group of stocks’ market values are similar to WB’s market value.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $170 million. That figure was $201 million in WB’s case. Fabrinet (NYSE:FN) is the most popular stock in this table. On the other hand Ladder Capital Corp (NYSE:LADR) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Weibo Corp (ADR) (NASDAQ:WB) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None