Edmond DE Rothschild Holding S.A. Sells 72,000 Shares of Weibo Co. (NASDAQ:WB)

Edmond DE Rothschild Holding S.A. reduced its position in Weibo Co. (NASDAQ:WB - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,673 shares of the information services provider's stock after selling 72,000 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Weibo were worth $904,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WB. Blue Trust Inc. raised its holdings in Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock worth $27,000 after buying an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Weibo during the fourth quarter worth about $70,000. PARUS FINANCE UK Ltd acquired a new stake in shares of Weibo in the 4th quarter worth about $99,000. Virtu Financial LLC bought a new position in Weibo in the 4th quarter valued at about $117,000. Finally, Aigen Investment Management LP acquired a new position in Weibo during the 4th quarter valued at about $167,000. 68.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Weibo from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.75.

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Weibo Stock Down 2.9 %

Shares of NASDAQ WB traded down $0.27 during trading on Thursday, hitting $9.17. The stock had a trading volume of 1,543,148 shares, compared to its average volume of 1,779,816. 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 firm has a fifty day moving average of $10.37 and a two-hundred day moving average of $9.73. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The company has a market capitalization of $2.22 billion, a PE ratio of 6.28 and a beta of 0.12.

Weibo Dividend Announcement

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

Weibo 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.