Quinn Opportunity Partners LLC purchased a new position in Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 642,195 shares of the information services provider's stock, valued at approximately $6,133,000. Quinn Opportunity Partners LLC owned approximately 0.26% of Weibo as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of WB. Norges Bank acquired a new position in shares of Weibo in the 4th quarter valued at $11,274,000. Wellington Management Group LLP increased its position in shares of Weibo by 1,641.9% in the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock worth $10,013,000 after acquiring an additional 988,327 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Weibo by 34.0% during the fourth quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock valued at $16,418,000 after acquiring an additional 436,215 shares during the period. E Fund Management Co. Ltd. boosted its stake 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 worth $4,376,000 after purchasing an additional 416,690 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Weibo during the 4th quarter worth approximately $3,773,000. 68.77% of the stock is owned by institutional investors and hedge funds.
Weibo Stock Up 0.4 %
Shares of WB traded up $0.03 during mid-day trading on Monday, reaching $7.63. The company's stock had a trading volume of 1,822,991 shares, compared to its average volume of 1,795,437. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 5.23 and a beta of 0.12. The business has a fifty day moving average of $10.03 and a 200 day moving average of $9.73.
Weibo Dividend Announcement
The business also recently declared an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.82 per share. This represents a dividend yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo's dividend 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.
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