Point72 Asset Management L.P. Invests $3.68 Million in Weibo Co. (NASDAQ:WB)

Point72 Asset Management L.P. purchased a new position in shares of Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 385,693 shares of the information services provider's stock, valued at approximately $3,683,000. Point72 Asset Management L.P. owned approximately 0.16% of Weibo as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WB. Barclays PLC lifted its position in shares of Weibo by 13.8% during the 3rd quarter. Barclays PLC now owns 212,919 shares of the information services provider's stock worth $2,146,000 after purchasing an additional 25,750 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Weibo during the 4th quarter worth about $70,000. Blue Trust Inc. lifted its position 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 last quarter. Caprock Group LLC acquired a new position in shares of Weibo during the 4th quarter worth about $229,000. Finally, Polunin Capital Partners Ltd lifted its position in shares of Weibo by 14.6% during the 4th quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider's stock worth $5,600,000 after purchasing an additional 73,412 shares during the last quarter. Institutional investors own 68.77% of the company's stock.

Weibo Stock Performance

Weibo stock traded down $0.04 during trading hours on Friday, hitting $9.37. The stock had a trading volume of 1,891,838 shares, compared to its average volume of 1,714,173. The company has a 50-day moving average of $8.60 and a two-hundred day moving average of $9.44. 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 company has a market cap of $2.27 billion, a PE ratio of 6.42 and a beta of 0.01. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40.

Weibo (NASDAQ:WB - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $396.86 million during the quarter, compared to analysts' expectations of $394.21 million. Weibo had a return on equity of 11.03% and a net margin of 21.30%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, equities research analysts anticipate that Weibo Co. will post 1.62 EPS for the current fiscal year.

Weibo Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 7.77%. Weibo's dividend payout ratio (DPR) is 68.97%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.75.

Weibo 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.