Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.87 Million Holdings in Weibo Co. (NASDAQ:WB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Weibo Co. (NASDAQ:WB - Free Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 300,807 shares of the information services provider's stock after buying an additional 27,323 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.12% of Weibo worth $2,873,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its holdings 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 acquiring an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo during the 4th quarter worth approximately $70,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Weibo by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider's stock valued at $134,000 after buying an additional 1,970 shares in the last quarter. Aigen Investment Management LP bought a new stake in Weibo in the fourth quarter valued at $167,000. Finally, QRG Capital Management Inc. acquired a new position in Weibo during the fourth quarter worth $169,000. Institutional investors own 68.77% of the company's stock.

Weibo Trading Down 6.2 %

Shares of WB traded down $0.62 during trading hours on Friday, hitting $9.39. 2,138,600 shares of the stock traded hands, compared to its average volume of 1,781,401. The business has a fifty day moving average of $10.39 and a 200-day moving average of $9.65. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $2.28 billion, a PE ratio of 6.43 and a beta of 0.27. Weibo Co. has a 1-year low of $7.03 and a 1-year high of $12.40.

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Weibo Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be given 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 payout ratio is currently 68.97%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $10.03.

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.