Federated Hermes Inc. decreased its holdings in shares of Weibo Co. (NASDAQ:WB - Free Report) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,882,253 shares of the information services provider's stock after selling 467,438 shares during the quarter. Federated Hermes Inc. owned about 1.60% of Weibo worth $37,076,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Weibo by 9.2% in the 4th quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock worth $286,000 after acquiring an additional 2,522 shares during the period. Wellington Management Group LLP lifted its position in shares of Weibo by 1,641.9% during the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock worth $10,013,000 after purchasing an additional 988,327 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Weibo in the fourth quarter valued at $982,000. Schroder Investment Management Group grew its holdings in Weibo by 774.3% during the 4th quarter. Schroder Investment Management Group now owns 128,853 shares of the information services provider's stock valued at $1,229,000 after purchasing an additional 114,115 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Weibo during the 4th quarter worth $3,773,000. 68.77% of the stock is owned by hedge funds and other institutional investors.
Weibo Stock Up 3.5 %
Shares of Weibo stock traded up $0.26 during trading hours on Friday, hitting $7.60. 2,331,883 shares of the company's stock traded hands, compared to its average volume of 1,795,325. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40. The stock has a 50 day simple moving average of $10.03 and a 200-day simple moving average of $9.73. The company has a market cap of $1.84 billion, a PE ratio of 5.21 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. Stockholders of record on Wednesday, April 9th will be given 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 payout ratio is currently 68.97%.
Weibo Profile
(
Free Report)
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.
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