Weibo Co. (NASDAQ:WB - Get Free Report) saw unusually large options trading activity on Friday. Stock investors purchased 4,501 put options on the stock. This represents an increase of approximately 74% compared to the typical daily volume of 2,581 put options.
Hedge Funds Weigh In On Weibo
Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Weibo by 155.2% during the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock worth $27,000 after purchasing an additional 1,642 shares during the period. Shell Asset Management Co. purchased a new position in shares of Weibo during the 4th quarter worth about $54,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Weibo during the 4th quarter worth about $70,000. PARUS FINANCE UK Ltd purchased a new stake in Weibo in the 4th quarter valued at about $99,000. Finally, Virtu Financial LLC purchased a new stake in Weibo in the 4th quarter valued at about $117,000. 68.77% of the stock is owned by hedge funds and other institutional investors.
Weibo Stock Performance
Shares of Weibo stock traded down $0.08 on Tuesday, hitting $10.83. 938,702 shares of the company's stock were exchanged, compared to its average volume of 1,457,781. The company has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $9.52. Weibo has a 1 year low of $7.03 and a 1 year 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 stock has a market capitalization of $2.63 billion, a PE ratio of 7.41 and a beta of 0.27.
Weibo Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be issued a $0.82 dividend. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 7.77%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on WB. StockNews.com upgraded shares of Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Benchmark restated a "hold" rating on shares of Weibo in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Weibo has an average rating of "Hold" and an average price target of $10.40.
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About Weibo
(
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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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