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

Point72 Asset Management L.P. acquired a new stake in Weibo Co. (NASDAQ:WB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings 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 valued at $27,000 after buying an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Weibo during the fourth quarter valued at approximately $70,000. PARUS FINANCE UK Ltd acquired a new position in shares of Weibo during the fourth quarter worth $99,000. Virtu Financial LLC purchased a new position in shares of Weibo in the fourth quarter valued at $117,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Weibo in the fourth quarter valued at $133,000. Hedge funds and other institutional investors own 68.77% of the company's stock.

Weibo Stock Down 0.4%

Shares of WB traded down $0.04 during trading on Monday, reaching $9.37. The company's stock had a trading volume of 1,891,838 shares, compared to its average volume of 1,714,650. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 6.42 and a beta of 0.01. 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 fifty day moving average of $8.60 and a two-hundred day moving average of $9.44. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40.

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

Weibo Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 9th were paid a dividend of $0.82 per share. 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 presently 57.97%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Weibo from a "buy" rating to a "hold" rating in a 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $9.75.

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.