Weibo Co. (NASDAQ:WB) Shares Sold by Two Sigma Investments LP

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

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. increased its holdings in Weibo by 155.2% in the fourth 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 last quarter. Shell Asset Management Co. bought a new stake in Weibo in the fourth quarter valued at about $54,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Weibo in the fourth quarter valued at about $70,000. PARUS FINANCE UK Ltd bought a new stake in Weibo in the fourth quarter valued at about $99,000. Finally, Virtu Financial LLC bought a new stake in Weibo in the fourth quarter valued at about $117,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Weibo from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9.75.

Weibo Stock Performance

Shares of NASDAQ:WB traded down $0.07 during trading on Wednesday, hitting $9.20. 384,377 shares of the company traded hands, compared to its average volume of 1,709,399. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 6.30 and a beta of 0.01. The business's fifty day moving average is $8.55 and its 200-day moving average is $9.44. Weibo Co. has a one year low of $7.03 and a one year high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51.

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