Causeway Capital Management LLC boosted its position in shares of Weibo Co. (NASDAQ:WB - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,259,267 shares of the information services provider's stock after buying an additional 292,086 shares during the quarter. Causeway Capital Management LLC owned approximately 0.93% of Weibo worth $21,576,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WB. Blue Trust Inc. lifted its holdings in shares of Weibo by 155.2% in the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock valued at $27,000 after purchasing an additional 1,642 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Weibo by 9.2% during the 4th quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock worth $286,000 after purchasing an additional 2,522 shares during the last quarter. State Street Corp raised its stake in Weibo by 0.7% in the 3rd quarter. State Street Corp now owns 931,749 shares of the information services provider's stock worth $9,392,000 after purchasing an additional 6,369 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Weibo in the 4th quarter valued at $70,000. Finally, PARUS FINANCE UK Ltd bought a new position in Weibo in the fourth quarter valued at approximately $99,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.
Weibo Price Performance
NASDAQ:WB traded up $0.07 on Friday, hitting $7.61. The company had a trading volume of 1,754,033 shares, compared to its average volume of 1,788,872. 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 Co. has a 52 week low of $7.03 and a 52 week high of $12.40. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 5.21 and a beta of 0.12. The firm has a 50 day moving average of $9.78 and a two-hundred day moving average of $9.67.
Weibo Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 7.77%. 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.
Featured Stories
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
