Point72 Hong Kong Ltd Makes New $1.15 Million Investment in Weibo Co. (NASDAQ:WB)

Point72 Hong Kong Ltd acquired a new position in shares of Weibo Co. (NASDAQ:WB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 120,198 shares of the information services provider's stock, valued at approximately $1,148,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WB. Barclays PLC raised 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 acquiring an additional 25,750 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Weibo during the fourth quarter worth $70,000. Blue Trust Inc. increased its stake in Weibo by 155.2% in 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 during the last quarter. Caprock Group LLC acquired a new stake in Weibo in the 4th quarter valued at $229,000. Finally, Polunin Capital Partners Ltd increased its stake in Weibo by 14.6% in the 4th quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider's stock valued at $5,600,000 after buying an additional 73,412 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Weibo from a "buy" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.75.

Weibo Stock Down 3.1%

Shares of WB stock opened at $8.45 on Friday. 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 Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The firm's fifty day moving average price is $8.83 and its two-hundred day moving average price is $9.45. The firm has a market capitalization of $2.05 billion, a P/E ratio of 5.79 and a beta of 0.01.

Weibo Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.