Arrowstreet Capital Limited Partnership Takes $3.77 Million Position in Weibo Co. (NASDAQ:WB)

Arrowstreet Capital Limited Partnership bought a new stake in shares of Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 395,122 shares of the information services provider's stock, valued at approximately $3,773,000. Arrowstreet Capital Limited Partnership owned about 0.16% of Weibo at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Weibo by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock valued at $26,853,000 after acquiring an additional 52,598 shares during the period. Norges Bank acquired a new position in Weibo during the 4th quarter valued at about $11,274,000. Two Sigma Advisers LP grew its position in Weibo by 1.7% in the 3rd quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider's stock worth $11,623,000 after purchasing an additional 19,200 shares during the last quarter. State Street Corp increased its stake in shares of Weibo by 0.7% in the third quarter. State Street Corp now owns 931,749 shares of the information services provider's stock valued at $9,392,000 after purchasing an additional 6,369 shares during the period. Finally, Polunin Capital Partners Ltd raised its holdings in shares of Weibo by 14.6% during the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider's stock valued at $5,600,000 after buying an additional 73,412 shares during the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Weibo Stock Performance

WB stock traded up $0.30 on Monday, reaching $7.90. The company's stock had a trading volume of 467,883 shares, compared to its average volume of 1,709,813. The firm has a fifty day moving average of $10.03 and a two-hundred day moving average of $9.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The company has a market capitalization of $1.92 billion, a P/E ratio of 5.40 and a beta of 0.12. Weibo Co. has a 52 week low of $7.03 and a 52 week high of $12.40.

Weibo Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.82 per share. This represents a dividend yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo's dividend payout ratio (DPR) is 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.