O Shaughnessy Asset Management LLC purchased a new stake in Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 102,779 shares of the information services provider's stock, valued at approximately $982,000.
Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted 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 valued at $27,000 after acquiring an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in Weibo in the fourth quarter worth about $70,000. PARUS FINANCE UK Ltd bought a new position in shares of Weibo during the 4th quarter worth approximately $99,000. Virtu Financial LLC acquired a new stake in shares of Weibo during the 4th quarter worth about $117,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Weibo during the fourth quarter worth approximately $167,000. Institutional investors own 68.77% of the company's stock.
Weibo Price Performance
Shares of WB stock traded up $0.26 during trading hours on Friday, reaching $7.60. 2,331,883 shares of the company were exchanged, compared to its average volume of 1,801,291. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. 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 stock's fifty day moving average is $10.03 and its two-hundred day moving average is $9.73. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 5.21 and a beta of 0.12.
Weibo Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.82 per share. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo's dividend payout ratio is presently 68.97%.
Weibo Company 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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