Hsbc Holdings PLC reduced its position in shares of Weibo Co. (NASDAQ:WB - Free Report) by 78.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,503 shares of the information services provider's stock after selling 313,343 shares during the period. Hsbc Holdings PLC's holdings in Weibo were worth $827,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Weibo during the 4th quarter worth approximately $11,274,000. Wellington Management Group LLP grew its holdings in shares of Weibo by 1,641.9% during the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock worth $10,013,000 after purchasing an additional 988,327 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new stake in shares of Weibo during the fourth quarter worth about $6,133,000. Invesco Ltd. lifted its holdings 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 valued at $16,418,000 after purchasing an additional 436,215 shares during the last quarter. Finally, E Fund Management Co. Ltd. increased its position in Weibo by 1,003.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider's stock worth $4,376,000 after buying an additional 416,690 shares during the period. Institutional investors and hedge funds own 68.77% of the company's stock.
Weibo Price Performance
Shares of WB stock remained flat at $8.54 during trading hours on Friday. The stock had a trading volume of 828,397 shares, compared to its average volume of 1,726,706. The stock has a fifty day moving average price of $9.00 and a 200 day moving average price of $9.47. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 5.85 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 company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57.
Weibo Dividend Announcement
The firm also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be paid a $0.82 dividend. The ex-dividend date is Wednesday, April 9th. This represents a yield of 7.77%. Weibo's dividend payout ratio is presently 68.97%.
Weibo Company Profile
(
Free Report)
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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