Prudential Financial Inc. purchased a new position in Weibo Co. (NASDAQ:WB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 102,700 shares of the information services provider's stock, valued at approximately $981,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of WB. E Fund Management Co. Ltd. boosted its position in Weibo by 1,003.7% in the 4th quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider's stock valued at $4,376,000 after buying an additional 416,690 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Weibo during the third quarter valued at approximately $3,696,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Weibo by 60.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider's stock valued at $2,845,000 after purchasing an additional 105,780 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Weibo by 78.1% in the third quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider's stock valued at $2,252,000 after purchasing an additional 98,017 shares during the period. Finally, Polunin Capital Partners Ltd grew its stake in Weibo by 14.6% in the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider's stock worth $5,600,000 after purchasing an additional 73,412 shares in the last quarter. 68.77% of the stock is owned by institutional investors.
Weibo Stock Up 3.5 %
NASDAQ WB traded up $0.26 on Friday, reaching $7.60. 2,331,883 shares of the stock traded hands, compared to its average volume of 1,801,289. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The company has a fifty day moving average price of $10.03 and a 200-day moving average price of $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 Dividend Announcement
The firm also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be paid a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo's dividend payout ratio (DPR) is presently 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.
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