Woodline Partners LP Makes New Investment in Weibo Co. (NASDAQ:WB)

Woodline Partners LP acquired a new position in Weibo Co. (NASDAQ:WB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 717,584 shares of the information services provider's stock, valued at approximately $6,853,000. Woodline Partners LP owned approximately 0.30% of Weibo at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Weibo by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock worth $26,853,000 after acquiring an additional 52,598 shares in the last quarter. Saba Capital Management L.P. lifted its holdings in shares of Weibo by 5.9% during the fourth quarter. Saba Capital Management L.P. now owns 2,359,357 shares of the information services provider's stock valued at $22,532,000 after purchasing an additional 131,155 shares during the last quarter. Causeway Capital Management LLC lifted its holdings in shares of Weibo by 14.8% during the fourth quarter. Causeway Capital Management LLC now owns 2,259,267 shares of the information services provider's stock valued at $21,576,000 after purchasing an additional 292,086 shares during the last quarter. RPD Fund Management LLC bought a new stake in shares of Weibo in the 4th quarter worth approximately $19,115,000. Finally, Invesco Ltd. grew its stake in shares of Weibo by 34.0% in the 4th quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock worth $16,418,000 after buying an additional 436,215 shares during the last quarter. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Stock Down 0.5%

WB stock traded down $0.05 during trading on Wednesday, hitting $9.21. 946,049 shares of the stock traded hands, compared to its average volume of 1,712,024. 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 stock has a market cap of $2.24 billion, a price-to-earnings ratio of 6.31 and a beta of 0.01. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The firm's 50 day moving average is $8.55 and its two-hundred day moving average is $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 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. The firm had revenue of $396.86 million for the quarter, compared to analysts' expectations of $394.21 million. Weibo had a net margin of 21.30% and a return on equity of 11.03%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts anticipate that Weibo Co. will post 1.62 EPS for the current year.

Weibo Announces Dividend

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

Analyst Ratings Changes

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 issued a buy rating to the company's stock. Based on data from MarketBeat, Weibo has an average rating of "Hold" and an average price target 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.