Mitsubishi UFJ Trust & Banking Corp lifted its stake in Weibo Co. (NASDAQ:WB - Free Report) by 256.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,190 shares of the information services provider's stock after purchasing an additional 26,754 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Weibo were worth $355,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew 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 valued at $27,000 after purchasing an additional 1,642 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Weibo by 16.5% during the third quarter. Franklin Resources Inc. now owns 27,464 shares of the information services provider's stock worth $266,000 after purchasing an additional 3,884 shares during the period. State Street Corp boosted its position in 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 buying an additional 6,369 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Weibo in the 4th quarter worth approximately $70,000. Finally, Quadrature Capital Ltd raised its position in Weibo by 22.8% during the 3rd quarter. Quadrature Capital Ltd now owns 40,464 shares of the information services provider's stock worth $408,000 after buying an additional 7,508 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors and hedge funds.
Weibo Stock Performance
Shares of WB stock traded down $0.27 during trading hours on Monday, hitting $8.33. The company's stock had a trading volume of 4,706,348 shares, compared to its average volume of 1,794,161. The stock has a market cap of $2.02 billion, a PE ratio of 5.71 and a beta of 0.12. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a 50 day moving average of $10.31 and a 200 day moving average of $9.77. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.
Weibo Announces Dividend
The firm also recently declared an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be issued a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo's payout ratio is 68.97%.
Weibo Profile
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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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