Weibo Co. (NASDAQ:WB) Holdings Trimmed by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its holdings in Weibo Co. (NASDAQ:WB - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 646,900 shares of the information services provider's stock after selling 459,285 shares during the quarter. Canada Pension Plan Investment Board owned about 0.27% of Weibo worth $6,178,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Marshall Wace LLP boosted its holdings in Weibo by 346.5% during the fourth quarter. Marshall Wace LLP now owns 363,151 shares of the information services provider's stock worth $3,468,000 after buying an additional 281,812 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Weibo in the 4th quarter worth $1,941,000. Causeway Capital Management LLC raised its position in shares of Weibo by 14.8% during the fourth quarter. Causeway Capital Management LLC now owns 2,259,267 shares of the information services provider's stock worth $21,576,000 after purchasing an additional 292,086 shares during the period. Mariner LLC lifted its holdings in shares of Weibo by 35.6% during the fourth quarter. Mariner LLC now owns 54,030 shares of the information services provider's stock valued at $516,000 after purchasing an additional 14,191 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Weibo in the 4th quarter valued at $6,133,000. Institutional investors own 68.77% of the company's stock.

Weibo Price Performance

WB stock opened at $7.67 on Tuesday. Weibo Co. has a one year low of $7.03 and a one year high of $12.40. The firm has a 50-day moving average of $9.67 and a two-hundred day moving average of $9.60. The firm has a market capitalization of $1.86 billion, a PE ratio of 5.25 and a beta of 0.12. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo Announces Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be given a $0.82 dividend. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo's dividend payout ratio (DPR) is presently 68.97%.

Weibo 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.

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