Cubist Systematic Strategies LLC Invests $2.74 Million in Weibo Co. (NASDAQ:WB)

Cubist Systematic Strategies LLC bought a new position in shares of Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 286,694 shares of the information services provider's stock, valued at approximately $2,738,000. Cubist Systematic Strategies LLC owned about 0.12% of Weibo as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. grew 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 purchasing an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Weibo during the fourth quarter worth about $70,000. PARUS FINANCE UK Ltd acquired a new stake in shares of Weibo during the fourth quarter valued at about $99,000. Virtu Financial LLC purchased a new stake in shares of Weibo in the 4th quarter valued at approximately $117,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Weibo in the 4th quarter valued at approximately $133,000. Hedge funds and other institutional investors own 68.77% of the company's stock.

Weibo Trading Down 1.4%

Shares of NASDAQ:WB traded down $0.12 during mid-day trading on Tuesday, reaching $8.71. 1,025,636 shares of the company were exchanged, compared to its average volume of 1,717,661. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 5.97 and a beta of 0.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The firm's 50-day simple moving average is $8.96 and its 200 day simple moving average is $9.47.

Weibo Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be paid 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 presently 68.97%.

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.