2,001,546 Shares in Weibo Co. (NASDAQ:WB) Bought by RPD Fund Management LLC

RPD Fund Management LLC purchased a new stake in shares of Weibo Co. (NASDAQ:WB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,001,546 shares of the information services provider's stock, valued at approximately $19,115,000. Weibo accounts for 7.8% of RPD Fund Management LLC's holdings, making the stock its 5th largest position. RPD Fund Management LLC owned 0.83% of Weibo at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $27,000 after acquiring an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Weibo during the fourth quarter worth about $70,000. PARUS FINANCE UK Ltd purchased a new position in shares of Weibo during the fourth quarter worth about $99,000. Virtu Financial LLC bought a new position in shares of Weibo in the fourth quarter worth approximately $117,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Weibo in the fourth quarter valued at approximately $133,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, Weibo currently has a consensus rating of "Hold" and an average price target of $9.75.

Weibo Trading Up 4.9%

Shares of WB traded up $0.42 during trading hours on Wednesday, reaching $8.84. 2,521,998 shares of the company traded hands, compared to its average volume of 1,699,284. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The company's fifty day moving average price is $8.69 and its two-hundred day moving average price is $9.44. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 6.06 and a beta of 0.01.

Weibo (NASDAQ:WB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Weibo had a return on equity of 11.03% and a net margin of 21.30%. During the same period in the prior year, the business earned $0.41 earnings per share. The business's quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts predict that Weibo Co. will post 1.62 earnings per share for the current fiscal year.

Weibo Announces Dividend

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

Weibo Profile

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.