Weibo (NASDAQ:WB) Trading Down 4.3% - What's Next?

Weibo Co. (NASDAQ:WB - Get Free Report) traded down 4.3% during trading on Thursday . The stock traded as low as $10.16 and last traded at $10.25. 384,277 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,770,794 shares. The stock had previously closed at $10.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.03.

Weibo Stock Down 1.5 %

The stock has a fifty day moving average price of $10.33 and a two-hundred day moving average price of $9.61. The firm has a market capitalization of $2.42 billion, a P/E ratio of 6.83 and a beta of 0.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

Weibo Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, May 15th. Stockholders 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 payout ratio is currently 68.97%.

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Institutional Investors Weigh In On Weibo

Several institutional investors and hedge funds have recently bought and sold shares of WB. SIH Partners LLLP lifted its holdings in shares of Weibo by 8.0% in the 4th quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock worth $193,000 after purchasing an additional 1,500 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 buying an additional 1,642 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Weibo by 17.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider's stock valued at $134,000 after acquiring an additional 1,970 shares during the period. Franklin Resources Inc. grew its position in shares of Weibo by 9.2% during the fourth quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock worth $286,000 after acquiring an additional 2,522 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Weibo by 26.5% in the 4th quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider's stock valued at $151,000 after purchasing an additional 3,307 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company's stock.

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.