Schroder Investment Management Group boosted its holdings in shares of Weibo Co. (NASDAQ:WB - Free Report) by 774.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,853 shares of the information services provider's stock after acquiring an additional 114,115 shares during the period. Schroder Investment Management Group owned 0.05% of Weibo worth $1,229,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of WB. Vanguard Group Inc. grew its stake in shares of Weibo by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock worth $26,853,000 after acquiring an additional 52,598 shares during the last quarter. Norges Bank purchased a new stake in Weibo during the 4th quarter valued at about $11,274,000. Two Sigma Advisers LP increased its stake in Weibo by 1.7% during the 3rd quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider's stock valued at $11,623,000 after purchasing an additional 19,200 shares in the last quarter. State Street Corp raised its holdings in Weibo by 0.7% in the third quarter. State Street Corp now owns 931,749 shares of the information services provider's stock worth $9,392,000 after buying an additional 6,369 shares during the last quarter. Finally, Polunin Capital Partners Ltd lifted its stake in shares of 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 buying an additional 73,412 shares in the last quarter. Institutional investors own 68.77% of the company's stock.
Weibo Stock Up 3.5 %
Shares of NASDAQ:WB traded up $0.26 during trading 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 52-week low of $7.03 and a 52-week high of $12.40. The stock has a market cap of $1.84 billion, a P/E ratio of 5.21 and a beta of 0.12. The stock has a 50-day moving average of $10.03 and a two-hundred day moving average of $9.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.
Weibo Dividend Announcement
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 $0.82 dividend. This represents a dividend yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th. Weibo's payout ratio is 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.
Read More
Before you consider Weibo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weibo wasn't on the list.
While Weibo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
