GF Fund Management CO. LTD. Makes New Investment in Weibo Co. (NASDAQ:WB)

GF Fund Management CO. LTD. acquired a new stake in Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 142,289 shares of the information services provider's stock, valued at approximately $1,359,000. GF Fund Management CO. LTD. owned 0.06% of Weibo as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WB. Blue Trust Inc. lifted its stake in Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock valued at $27,000 after acquiring an additional 1,642 shares in the last quarter. Shell Asset Management Co. bought a new stake in Weibo in the 4th quarter valued at approximately $54,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Weibo in the 4th quarter valued at approximately $70,000. PARUS FINANCE UK Ltd bought a new stake in Weibo in the 4th quarter valued at approximately $99,000. Finally, Virtu Financial LLC bought a new stake in Weibo in the 4th quarter valued at approximately $117,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Stock Performance

Shares of WB stock traded up $0.01 during trading on Thursday, reaching $9.21. 1,328,108 shares of the company's stock were exchanged, compared to its average volume of 1,710,352. 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 stock has a market capitalization of $2.23 billion, a PE ratio of 6.31 and a beta of 0.01. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40. The firm's fifty day moving average price is $8.53 and its 200-day moving average price is $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 EPS 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 firm had revenue of $396.86 million for the quarter, compared to analyst estimates of $394.21 million. During the same period in the prior year, the firm posted $0.41 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Weibo Co. will post 1.62 EPS for the current year.

Weibo Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen cut Weibo from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Weibo has a consensus rating of "Hold" and a consensus target price 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.