Vanguard Group Inc. Has $26.85 Million Position in Weibo Co. (NASDAQ:WB)

Vanguard Group Inc. lifted its position in Weibo Co. (NASDAQ:WB - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,811,872 shares of the information services provider's stock after buying an additional 52,598 shares during the period. Vanguard Group Inc. owned about 1.16% of Weibo worth $26,853,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Weibo in the 4th quarter valued at approximately $70,000. Virtu Financial LLC acquired a new position in Weibo during the 4th quarter worth approximately $117,000. Aigen Investment Management LP bought a new position in shares of Weibo during the 4th quarter worth approximately $167,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Weibo in the fourth quarter valued at approximately $169,000. Institutional investors and hedge funds own 68.77% of the company's stock.

Weibo Stock Up 0.9 %

Shares of WB stock traded up $0.07 during trading on Friday, reaching $7.61. The company's stock had a trading volume of 1,754,033 shares, compared to its average volume of 1,783,315. Weibo Co. has a one year low of $7.03 and a one year high of $12.40. The business has a fifty day moving average price of $9.73 and a 200-day moving average price of $9.64. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 5.21 and a beta of 0.12. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo's dividend payout ratio is 68.97%.

Weibo Company Profile

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.