Hsbc Holdings PLC Sells 313,343 Shares of Weibo Co. (NASDAQ:WB)

Hsbc Holdings PLC cut its position in Weibo Co. (NASDAQ:WB - Free Report) by 78.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,503 shares of the information services provider's stock after selling 313,343 shares during the quarter. Hsbc Holdings PLC's holdings in Weibo were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in WB. Barclays PLC grew its holdings in shares of Weibo by 13.8% during the third quarter. Barclays PLC now owns 212,919 shares of the information services provider's stock worth $2,146,000 after purchasing an additional 25,750 shares in the last quarter. Geode Capital Management LLC grew its stake in Weibo by 78.1% in the 3rd quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider's stock worth $2,252,000 after buying an additional 98,017 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo in the 4th quarter worth $70,000. Blue Trust Inc. raised its position in shares of Weibo by 155.2% during the 4th 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 in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Weibo during the 4th quarter worth $229,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Stock Up 3.1 %

WB opened at $8.35 on Monday. The business's fifty day simple moving average is $9.17 and its 200 day simple moving average is $9.49. Weibo Co. has a 52 week low of $7.03 and a 52 week 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. The stock has a market cap of $2.03 billion, a PE ratio of 5.72 and a beta of 0.01.

Weibo Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be given a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 7.77%. Weibo's payout ratio is 68.97%.

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.

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