RPD Fund Management LLC Makes New $19.12 Million Investment in Weibo Co. (NASDAQ:WB)

RPD Fund Management LLC bought a new stake in shares of Weibo Co. (NASDAQ:WB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,001,546 shares of the information services provider's stock, valued at approximately $19,115,000. Weibo comprises 7.8% of RPD Fund Management LLC's holdings, making the stock its 5th largest holding. RPD Fund Management LLC owned about 0.83% of Weibo as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SIH Partners LLLP grew its holdings in shares of Weibo by 8.0% in the fourth quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock worth $193,000 after acquiring an additional 1,500 shares during the period. Blue Trust Inc. lifted its holdings in Weibo by 155.2% in the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock valued at $27,000 after acquiring an additional 1,642 shares during the period. Franklin Resources Inc. lifted its holdings in Weibo by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock valued at $286,000 after acquiring an additional 2,522 shares during the period. Ameriprise Financial Inc. lifted its holdings in Weibo by 26.5% in the fourth quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider's stock valued at $151,000 after acquiring an additional 3,307 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Weibo in the fourth quarter valued at about $70,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Stock Performance

WB stock traded down $0.03 during trading on Monday, reaching $8.47. The stock had a trading volume of 1,194,239 shares, compared to its average volume of 1,699,408. Weibo Co. has a 52 week low of $7.03 and a 52 week high of $12.40. The stock's 50 day moving average is $8.73 and its two-hundred day moving average is $9.44. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.05 billion, a PE ratio of 5.80 and a beta of 0.01.

Weibo Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th were paid 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 currently 68.97%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Weibo from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Weibo currently has an average rating of "Hold" and a consensus price target 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.