Marshall Wace LLP increased its position in shares of Weibo Co. (NASDAQ:WB - Free Report) by 346.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,151 shares of the information services provider's stock after purchasing an additional 281,812 shares during the period. Marshall Wace LLP owned 0.15% of Weibo worth $3,468,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock valued at $27,000 after acquiring an additional 1,642 shares in the last quarter. Franklin Resources Inc. grew its stake in Weibo by 9.2% during the fourth quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock valued at $286,000 after acquiring an additional 2,522 shares in the last quarter. State Street Corp grew its stake in Weibo by 0.7% during the third quarter. State Street Corp now owns 931,749 shares of the information services provider's stock valued at $9,392,000 after acquiring an additional 6,369 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Weibo in the 4th quarter worth $70,000. Finally, PARUS FINANCE UK Ltd purchased a new position in shares of Weibo in the 4th quarter worth $99,000. 68.77% of the stock is owned by hedge funds and other institutional investors.
Weibo Price Performance
Shares of NASDAQ:WB traded down $0.05 on Tuesday, reaching $8.13. The company's stock had a trading volume of 587,787 shares, compared to its average volume of 1,758,933. Weibo Co. has a 52-week low of $7.03 and a 52-week high of $12.40. The company has a market cap of $1.97 billion, a P/E ratio of 5.57 and a beta of 0.12. The company has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $9.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.
Weibo Announces Dividend
The firm 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 of this dividend is Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo's payout ratio is currently 68.97%.
About Weibo
(
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.
Further Reading
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