Woodline Partners LP Invests $6.85 Million in Weibo Co. (NASDAQ:WB)

Woodline Partners LP purchased a new stake in Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 717,584 shares of the information services provider's stock, valued at approximately $6,853,000. Woodline Partners LP owned 0.30% of Weibo as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SIH Partners LLLP grew its position in Weibo by 8.0% during the fourth quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock worth $193,000 after buying an additional 1,500 shares during the period. Blue Trust Inc. lifted its stake in shares of Weibo by 155.2% during 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 period. Franklin Resources Inc. increased its position in Weibo by 9.2% during the fourth quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock worth $286,000 after purchasing an additional 2,522 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Weibo by 26.5% during the 4th quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider's stock valued at $151,000 after purchasing an additional 3,307 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in shares of Weibo in the 4th quarter worth about $54,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Price Performance

Shares of NASDAQ WB traded down $0.00 during mid-day trading on Thursday, reaching $9.20. 581,346 shares of the company traded hands, compared to its average volume of 1,707,513. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The firm has a market cap of $2.23 billion, a PE ratio of 6.30 and a beta of 0.01. The stock has a fifty day simple moving average of $8.53 and a 200-day simple moving average of $9.44.

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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The firm had revenue of $396.86 million for the quarter, compared to analyst estimates of $394.21 million. Weibo had a net margin of 21.30% and a return on equity of 11.03%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Weibo Co. will post 1.62 EPS for the current fiscal year.

Weibo Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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 given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Weibo currently has an average 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.