Two Sigma Investments LP Cuts Stock Holdings in Weibo Co. (NASDAQ:WB)

Two Sigma Investments LP cut its holdings in shares of Weibo Co. (NASDAQ:WB - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,912,407 shares of the information services provider's stock after selling 140,830 shares during the period. Two Sigma Investments LP owned 0.79% of Weibo worth $18,263,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WB. Saba Capital Management L.P. grew its stake in shares of Weibo by 5.9% in the fourth quarter. Saba Capital Management L.P. now owns 2,359,357 shares of the information services provider's stock worth $22,532,000 after acquiring an additional 131,155 shares during the last quarter. Shell Asset Management Co. purchased a new stake in Weibo during the fourth quarter valued at approximately $54,000. RPD Fund Management LLC purchased a new stake in shares of Weibo in the 4th quarter worth $19,115,000. Point72 Asset Management L.P. purchased a new stake in Weibo in the fourth quarter worth about $3,683,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Weibo in the 4th quarter worth approximately $1,148,000. 68.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 given a buy rating to the company. Based on data from MarketBeat.com, Weibo has a consensus rating of "Hold" and an average target price of $9.75.

Weibo Price Performance

Shares of NASDAQ WB traded down $0.08 during mid-day trading on Tuesday, reaching $9.30. The company's stock had a trading volume of 1,086,370 shares, compared to its average volume of 1,712,566. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. Weibo Co. has a 52 week low of $7.03 and a 52 week high of $12.40. The stock has a fifty day moving average of $8.57 and a two-hundred day moving average of $9.45. The firm has a market capitalization of $2.26 billion, a PE ratio of 6.37 and a beta of 0.01.

Weibo (NASDAQ:WB - Get Free Report) last posted its quarterly 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 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 the consensus estimate of $394.21 million. During the same period in the prior year, the company posted $0.41 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weibo Co. will post 1.62 EPS for the current fiscal year.

Weibo Announces Dividend

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 $0.82 dividend. This represents a dividend yield of 7.77%. The ex-dividend date was Wednesday, April 9th. Weibo's dividend payout ratio (DPR) is presently 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.