GF Fund Management CO. LTD. Purchases Shares of 142,289 Weibo Co. (NASDAQ:WB)

GF Fund Management CO. LTD. acquired a new position in shares of Weibo Co. (NASDAQ:WB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.06% of Weibo at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in Weibo by 13.8% in the third quarter. Barclays PLC now owns 212,919 shares of the information services provider's stock valued at $2,146,000 after purchasing an additional 25,750 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Weibo in the 4th quarter valued at about $70,000. Blue Trust Inc. grew 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 during the last quarter. Caprock Group LLC purchased a new position in Weibo during the 4th quarter valued at about $229,000. Finally, Polunin Capital Partners Ltd raised its position in Weibo by 14.6% during the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider's stock worth $5,600,000 after acquiring an additional 73,412 shares during the last quarter. Hedge funds and other institutional investors own 68.77% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Weibo from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One research 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.75.

Weibo Price Performance

Shares of NASDAQ WB traded down $0.25 during trading on Friday, reaching $8.96. The company had a trading volume of 623,304 shares, compared to its average volume of 1,705,390. The stock has a market capitalization of $2.17 billion, a PE ratio of 6.13 and a beta of 0.01. The stock has a 50-day moving average price of $8.51 and a two-hundred day moving average price of $9.45. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo (NASDAQ:WB - Get Free Report) last posted 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. The business had revenue of $396.86 million during the quarter, compared to analyst estimates of $394.21 million. Weibo had a net margin of 21.30% and a return on equity of 11.03%. The company's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, sell-side analysts predict that Weibo Co. will post 1.62 earnings per share for the current year.

Weibo Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th were issued a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date of this dividend was Wednesday, April 9th. Weibo's dividend payout ratio (DPR) is 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.