Numerai GP LLC Sells 175,742 Shares of Weibo Co. (NASDAQ:WB)

Numerai GP LLC decreased its stake in shares of Weibo Co. (NASDAQ:WB - Free Report) by 79.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,061 shares of the information services provider's stock after selling 175,742 shares during the period. Numerai GP LLC's holdings in Weibo were worth $430,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. SIH Partners LLLP boosted its position in shares of Weibo by 8.0% in the 4th quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock worth $193,000 after purchasing an additional 1,500 shares during the last quarter. Blue Trust Inc. increased its position 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 buying an additional 1,642 shares during the last quarter. 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 buying an additional 2,522 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Weibo by 26.5% during the fourth quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider's stock worth $151,000 after acquiring an additional 3,307 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Weibo in the fourth quarter valued at approximately $70,000. Institutional investors own 68.77% of the company's stock.

Weibo Price Performance

Shares of Weibo stock traded down $0.03 during trading on Monday, hitting $8.47. The stock had a trading volume of 1,194,239 shares, compared to its average volume of 1,699,407. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 5.80 and a beta of 0.01. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The business's 50-day moving average is $8.78 and its 200 day moving average is $9.45. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com 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 given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $9.75.

About Weibo

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.