Wellington Management Group LLP Grows Position in Weibo Co. (NASDAQ:WB)

Wellington Management Group LLP increased its position in Weibo Co. (NASDAQ:WB - Free Report) by 1,641.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,048,522 shares of the information services provider's stock after purchasing an additional 988,327 shares during the period. Wellington Management Group LLP owned 0.43% of Weibo worth $10,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Weibo by 155.2% in the fourth 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 period. Shell Asset Management Co. purchased a new stake in Weibo in the fourth quarter worth $54,000. PARUS FINANCE UK Ltd purchased a new stake in shares of Weibo in the fourth quarter worth $99,000. Virtu Financial LLC purchased a new stake in shares of Weibo in the fourth quarter worth $117,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Weibo in the fourth quarter worth $133,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Stock Up 1.8%

Shares of NASDAQ WB traded up $0.17 during trading on Friday, reaching $9.65. The company had a trading volume of 1,323,543 shares, compared to its average volume of 1,665,218. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40. The stock has a market cap of $2.34 billion, a PE ratio of 6.61 and a beta of 0.01. The business's 50-day moving average is $8.47 and its 200 day moving average is $9.48. 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 released its quarterly earnings data 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. Weibo had a return on equity of 11.03% and a net margin of 21.30%. The company had revenue of $396.86 million for the quarter, compared to analysts' expectations of $394.21 million. During the same period last year, the firm posted $0.41 earnings per share. Weibo's revenue was up .4% compared to the same quarter last year. As a group, equities analysts forecast that Weibo Co. will post 1.62 earnings per share for the current fiscal year.

Weibo Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 9th were given a dividend of $0.82 per share. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo's dividend payout ratio (DPR) is presently 57.97%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Weibo from a "buy" rating to a "hold" rating in a research note 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.