Wellington Management Group LLP Grows Stock Holdings in Weibo Co. (NASDAQ:WB)

Wellington Management Group LLP boosted its position in shares of Weibo Co. (NASDAQ:WB - Free Report) by 1,641.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,048,522 shares of the information services provider's stock after purchasing an additional 988,327 shares during the period. Wellington Management Group LLP owned about 0.43% of Weibo worth $10,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WB. Blue Trust Inc. increased its position in shares of Weibo by 155.2% during the fourth 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 Weibo in the fourth quarter worth approximately $70,000. PARUS FINANCE UK Ltd purchased a new position in Weibo during the 4th quarter worth $99,000. Virtu Financial LLC bought a new stake in Weibo during the 4th quarter valued at $117,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Weibo in the 4th quarter worth $167,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Stock Up 1.5 %

Shares of Weibo stock traded up $0.12 during trading on Tuesday, hitting $7.75. 561,444 shares of the stock traded hands, compared to its average volume of 1,790,659. Weibo Co. has a 52-week low of $7.03 and a 52-week high of $12.40. The stock's fifty day simple moving average is $9.97 and its 200 day simple moving average is $9.72. The firm has a market cap of $1.88 billion, a P/E ratio of 5.32 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.

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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 issued 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 is currently 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.