Canada Pension Plan Investment Board Cuts Stake in Weibo Co. (NASDAQ:WB)

Canada Pension Plan Investment Board cut its holdings in Weibo Co. (NASDAQ:WB - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 646,900 shares of the information services provider's stock after selling 459,285 shares during the period. Canada Pension Plan Investment Board owned 0.27% of Weibo worth $6,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its position in shares of Weibo by 0.7% during the 3rd quarter. State Street Corp now owns 931,749 shares of the information services provider's stock valued at $9,392,000 after purchasing an additional 6,369 shares in the last quarter. Barclays PLC increased its stake in Weibo by 13.8% in the 3rd 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Weibo by 78.1% in the 3rd quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider's stock valued at $2,252,000 after acquiring an additional 98,017 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Weibo by 16.5% during the 3rd quarter. Franklin Resources Inc. now owns 27,464 shares of the information services provider's stock valued at $266,000 after acquiring an additional 3,884 shares during the last quarter. Finally, DGS Capital Management LLC grew its holdings in shares of Weibo by 89.0% during the third quarter. DGS Capital Management LLC now owns 61,910 shares of the information services provider's stock worth $624,000 after purchasing an additional 29,155 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors.

Weibo Price Performance

WB traded down $0.09 on Friday, reaching $8.11. The company had a trading volume of 588,684 shares, compared to its average volume of 1,768,864. Weibo Co. has a 52-week low of $7.03 and a 52-week high of $12.40. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 5.55 and a beta of 0.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The business has a 50 day simple moving average of $9.44 and a 200 day simple moving average of $9.53.

Weibo Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.82 per share. This represents a dividend yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th. Weibo's dividend payout ratio is currently 68.97%.

Weibo Company 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.