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Old Point Financial Corporatio (OPOF) Shareholder Old Point Trust & Financial Services N A Lowered Its Position; As Weibo (WB) Stock Value Declined, Parametrica Management LTD Has Decreased Holding by $3.85 Million

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Old Point Trust & Financial Services N A decreased its stake in Old Point Financial Corporatio (OPOF) by 12.19% based on its latest 2018Q1 regulatory filing with the SEC. Old Point Trust & Financial Services N A sold 40,413 shares as the company’s stock rose 2.46% while stock markets declined. The institutional investor held 291,227 shares of the major banks company at the end of 2018Q1, valued at $7.68M, down from 331,640 at the end of the previous reported quarter. Old Point Trust & Financial Services N A who had been investing in Old Point Financial Corporatio for a number of months, seems to be less bullish one the $138.84M market cap company. The stock increased 1.34% or $0.36 during the last trading session, reaching $27.25. About 8,864 shares traded or 64.15% up from the average. Old Point Financial Corporation (NASDAQ:OPOF) has declined 10.34% since June 14, 2017 and is downtrending. It has underperformed by 22.91% the S&P500. Some Historical OPOF News: 15/03/2018 Shareholders Approve Old Point Financial Corporation’s Acquisition Of Citizens National Bank; 26/04/2018 – Old Point Releases First Quarter 2018 Results; 29/05/2018 – Old Point National Bank Taps Baker Hill for New Loan Origination System and Online Loan Application to Drive Efficiencies in; 29/05/2018 – Old Point National Bank Taps Baker Hill for New Loan Origination System and Online Loan Application to Drive Efficiencies in Lending Process; 02/04/2018 – Old Point Completes Acquisition Of Citizens National Bank; 26/04/2018 – Old Point 1Q EPS 19c; 22/05/2018 – Old Point Announces Successful Conversion of Citizens National Bank; 09/05/2018 – Old Point Financial Corporation Declares Second Quarter Dividend; 19/04/2018 – DJ Old Point Financial Corporation, Inst Holders, 1Q 2018 (OPOF); 09/05/2018 – Old Point Declares Dividend of 11c

Parametrica Management Ltd decreased its stake in Weibo Corp (WB) by 68.43% based on its latest 2018Q1 regulatory filing with the SEC. Parametrica Management Ltd sold 32,329 shares as the company’s stock declined 22.75% with the market. The institutional investor held 14,914 shares of the programming company at the end of 2018Q1, valued at $1.78 million, down from 47,243 at the end of the previous reported quarter. Parametrica Management Ltd who had been investing in Weibo Corp for a number of months, seems to be less bullish one the $23.91B market cap company. The stock increased 1.40% or $1.48 during the last trading session, reaching $107.37. About 1.92 million shares traded. Weibo Corporation (NASDAQ:WB) has risen 32.23% since June 14, 2017 and is uptrending. It has outperformed by 19.66% the S&P500. Some Historical WB News: 09/05/2018 – WEIBO SEES 2Q NET REV. $420.0M TO $430.0M, EST. $417.4M; 24/05/2018 – Chinese internet firm Sina plans secondary listing in HK; 09/05/2018 – Weibo 1Q Net $99.1M; 09/05/2018 – WEIBO – QTRLY MAUS HAD NET ADDITION OF ABOUT 70 MLN USERS Y-O-Y & REACHED 411 MLN IN MARCH; 09/05/2018 – Weibo Corp. 1Q Net Profit Doubles as Revenue Grows; 26/04/2018 – SINA Files Annual Report on Form 20-F for Fiscal Year 2017; 26/04/2018 – Weibo Files its Annual Report on Form 20-F; 24/05/2018 – SINA CORP SINA.O PLANNING SECONDARY LISTING IN HONG KONG, LIKELY TO TAKE PLACE IN Q4; 24/05/2018 – REFILE-Chinese internet firm Sina plans secondary listing in HK; 09/05/2018 – Weibo 1Q Adj EPS 50c

Another recent and important Weibo Corporation (NASDAQ:WB) news was published by 247Wallst.com which published an article titled: “Short Sellers Can’t Make Up Their Minds on Social Media Stocks” on June 12, 2018.

Analysts await Weibo Corporation (NASDAQ:WB) to report earnings on August, 8. They expect $0.62 EPS, up 87.88% or $0.29 from last year’s $0.33 per share. WB’s profit will be $138.08M for 43.29 P/E if the $0.62 EPS becomes a reality. After $0.44 actual EPS reported by Weibo Corporation for the previous quarter, Wall Street now forecasts 40.91% EPS growth.

Investors sentiment decreased to 1.48 in Q1 2018. Its down 0.33, from 1.81 in 2017Q4. It fall, as 27 investors sold WB shares while 68 reduced holdings. 40 funds opened positions while 101 raised stakes. 37.95 million shares or 4.49% more from 36.32 million shares in 2017Q4 were reported. Geode Ltd invested in 0% or 123,570 shares. Myriad Asset Management Limited holds 121,300 shares or 1.3% of its portfolio. Point72 Asia (Hong Kong) Limited reported 8.32% stake. Navellier And invested in 1.13% or 62,466 shares. Reilly Financial Ltd Liability invested in 5 shares or 0% of the stock. Sequoia Fincl Advsrs Limited Liability Corp reported 1,993 shares or 0.03% of all its holdings. Origin Asset Mgmt Ltd Liability Partnership holds 176,500 shares or 1.33% of its portfolio. Employees Retirement System Of Texas invested in 0.03% or 17,238 shares. Envestnet Asset Mngmt holds 0.01% or 32,901 shares. 58 were reported by Huntington Retail Bank. Argentiere Cap Ag has 0.86% invested in Weibo Corporation (NASDAQ:WB) for 16,880 shares. Acadian Asset Mgmt Ltd Liability has invested 1.02% in Weibo Corporation (NASDAQ:WB). Amp Cap Investors Ltd reported 18,173 shares. Discovery Cap Mgmt Ltd Co Ct invested in 131,520 shares. Deutsche State Bank Ag stated it has 0.03% in Weibo Corporation (NASDAQ:WB).

Among 12 analysts covering Weibo Corp (NASDAQ:WB), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Weibo Corp had 23 analyst reports since August 19, 2015 according to SRatingsIntel. On Friday, September 4 the stock rating was upgraded by Zacks to “Hold”. The company was maintained on Friday, August 11 by Barclays Capital. The company was maintained on Wednesday, February 14 by Barclays Capital. The company was downgraded on Wednesday, August 26 by Zacks. The rating was reinitiated by JP Morgan with “Overweight” on Wednesday, August 31. The firm has “Hold” rating given on Thursday, August 27 by Summit Research. The stock of Weibo Corporation (NASDAQ:WB) has “Overweight” rating given on Tuesday, April 19 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, August 19 by Piper Jaffray. On Thursday, December 17 the stock rating was upgraded by Morgan Stanley to “Overweight”. The company was maintained on Tuesday, January 23 by Jefferies.

Since June 5, 2018, it had 1 buy, and 0 insider sales for $3,746 activity.

Old Point Financial Corporation (NASDAQ:OPOF) Institutional Positions Chart

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