Weibo Co. (NASDAQ:WB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Weibo Co. (NASDAQ:WB - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Weibo by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock worth $26,853,000 after buying an additional 52,598 shares in the last quarter. Causeway Capital Management LLC lifted its position in Weibo by 14.8% during the fourth quarter. Causeway Capital Management LLC now owns 2,259,267 shares of the information services provider's stock worth $21,576,000 after buying an additional 292,086 shares in the last quarter. Invesco Ltd. raised its position in Weibo by 34.0% in the fourth quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock valued at $16,418,000 after purchasing an additional 436,215 shares during the period. Norges Bank purchased a new stake in Weibo in the fourth quarter valued at $11,274,000. Finally, Wellington Management Group LLP raised its position in Weibo by 1,641.9% in the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock valued at $10,013,000 after purchasing an additional 988,327 shares during the period. Hedge funds and other institutional investors own 68.77% of the company's stock.

Weibo Trading Up 7.2%

NASDAQ:WB traded up $0.63 on Thursday, reaching $9.41. The company's stock had a trading volume of 4,672,951 shares, compared to its average volume of 1,715,875. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 6.45 and a beta of 0.01. The stock has a 50 day moving average price of $8.63 and a 200 day moving average price of $9.44.

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

Weibo Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th were paid a $0.82 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo's payout ratio is presently 68.97%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Weibo from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Weibo currently has a consensus rating of "Hold" and a consensus price target of $9.75.

About Weibo

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.