Polunin Capital Partners Ltd Has $5.60 Million Position in Weibo Co. (NASDAQ:WB)

Polunin Capital Partners Ltd lifted its position in Weibo Co. (NASDAQ:WB - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 575,750 shares of the information services provider's stock after acquiring an additional 73,412 shares during the quarter. Weibo makes up about 1.4% of Polunin Capital Partners Ltd's holdings, making the stock its 12th biggest holding. Polunin Capital Partners Ltd's holdings in Weibo were worth $5,600,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock valued at $27,000 after buying an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Weibo during the 4th quarter worth $70,000. Creative Planning acquired a new position in shares of Weibo during the 3rd quarter worth $112,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Weibo by 17.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider's stock worth $134,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Weibo during the 3rd quarter worth $194,000. Hedge funds and other institutional investors own 68.77% of the company's stock.

Weibo Stock Down 5.0 %

WB traded down $0.55 during trading on Tuesday, reaching $10.37. The company had a trading volume of 906,030 shares, compared to its average volume of 1,005,475. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The business's fifty day moving average price is $9.79 and its 200 day moving average price is $8.99. The company has a market cap of $2.51 billion, a P/E ratio of 7.09 and a beta of 0.26.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Benchmark reiterated a "hold" rating on shares of Weibo in a research note on Wednesday, November 20th. StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.28.

About Weibo

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.