Jump Financial LLC Purchases Shares of 203,251 Weibo Co. (NASDAQ:WB)

Jump Financial LLC bought a new stake in Weibo Co. (NASDAQ:WB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 203,251 shares of the information services provider's stock, valued at approximately $1,941,000. Jump Financial LLC owned about 0.08% of Weibo at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Weibo by 155.2% during the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock worth $27,000 after acquiring an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Weibo in the fourth quarter valued at approximately $70,000. PARUS FINANCE UK Ltd acquired a new position in shares of Weibo in the fourth quarter valued at approximately $99,000. Virtu Financial LLC purchased a new stake in Weibo during the 4th quarter worth approximately $117,000. Finally, Aigen Investment Management LP acquired a new stake in Weibo during the 4th quarter worth approximately $167,000. Institutional investors and hedge funds own 68.77% of the company's stock.

Weibo Stock Up 0.8 %

WB stock traded up $0.06 during midday trading on Monday, hitting $7.67. The company's stock had a trading volume of 982,351 shares, compared to its average volume of 1,780,112. Weibo Co. has a 52-week low of $7.03 and a 52-week high of $12.40. The firm has a 50-day simple moving average of $9.73 and a 200-day simple moving average of $9.63. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.86 billion, a P/E ratio of 5.25 and a beta of 0.12.

Weibo Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be given a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th. Weibo's dividend payout ratio is currently 68.97%.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.