Marshall Wace LLP grew its stake in shares of Weibo Co. (NASDAQ:WB - Free Report) by 346.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,151 shares of the information services provider's stock after acquiring an additional 281,812 shares during the period. Marshall Wace LLP owned about 0.15% of Weibo worth $3,468,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Weibo by 155.2% during 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 last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Weibo in the 4th quarter valued at about $70,000. PARUS FINANCE UK Ltd bought a new stake in shares of Weibo during the 4th quarter valued at about $99,000. Virtu Financial LLC acquired a new stake in Weibo during the fourth quarter worth about $117,000. Finally, Aigen Investment Management LP bought a new position in Weibo in the fourth quarter worth about $167,000. Institutional investors own 68.77% of the company's stock.
Weibo Stock Performance
WB stock traded up $0.02 during midday trading on Thursday, reaching $8.12. The company had a trading volume of 113,353 shares, compared to its average volume of 1,754,471. The firm has a market capitalization of $1.97 billion, a PE ratio of 5.56 and a beta of 0.12. The stock has a 50 day moving average price of $9.27 and a 200 day moving average price of $9.50. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two 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.
Weibo Dividend Announcement
The business also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 9th. This represents a yield of 7.77%. Weibo's dividend payout ratio is currently 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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