BNP Paribas Financial Markets Purchases 43,086 Shares of Weibo Co. (NASDAQ:WB)

BNP Paribas Financial Markets lifted its holdings in Weibo Co. (NASDAQ:WB - Free Report) by 51.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,192 shares of the information services provider's stock after buying an additional 43,086 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Weibo worth $1,205,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in Weibo by 155.2% in the fourth 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. acquired a new stake in Weibo in the fourth quarter worth about $70,000. PARUS FINANCE UK Ltd acquired a new stake in Weibo in the fourth quarter worth about $99,000. Virtu Financial LLC acquired a new position in shares of Weibo during the 4th quarter worth about $117,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Weibo during the 4th quarter worth about $133,000. 68.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Weibo from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $9.75.

Weibo Stock Down 0.4%

NASDAQ:WB traded down $0.04 during trading hours on Friday, reaching $9.37. 1,891,838 shares of the stock were exchanged, compared to its average volume of 1,714,650. The stock has a market cap of $2.27 billion, a PE ratio of 6.42 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 twelve month low of $7.03 and a twelve month high of $12.40. The firm has a 50 day moving average of $8.60 and a 200 day moving average of $9.44.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The information services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $396.86 million during the quarter, compared to the consensus estimate of $394.21 million. Weibo had a return on equity of 11.03% and a net margin of 21.30%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, equities analysts expect that Weibo Co. will post 1.62 earnings per share for the current year.

Weibo Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th were issued a $0.82 dividend. This represents a dividend yield of 7.77%. The ex-dividend date of this dividend was Wednesday, April 9th. Weibo's payout ratio is presently 57.97%.

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.