Causeway Capital Management LLC Buys 292,086 Shares of Weibo Co. (NASDAQ:WB)

Causeway Capital Management LLC increased its stake in shares of Weibo Co. (NASDAQ:WB - Free Report) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,259,267 shares of the information services provider's stock after buying an additional 292,086 shares during the quarter. Causeway Capital Management LLC owned 0.93% of Weibo worth $21,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Weibo by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock valued at $26,853,000 after buying an additional 52,598 shares during the period. Invesco Ltd. grew its stake in Weibo by 34.0% in the fourth quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock valued at $16,418,000 after acquiring an additional 436,215 shares during the period. Norges Bank bought a new stake in shares of Weibo in the fourth quarter worth about $11,274,000. Wellington Management Group LLP raised its holdings in Weibo by 1,641.9% during the 4th quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock worth $10,013,000 after buying an additional 988,327 shares during the period. Finally, State Street Corp boosted its stake in Weibo by 0.7% in the 3rd quarter. State Street Corp now owns 931,749 shares of the information services provider's stock worth $9,392,000 after purchasing an additional 6,369 shares during the period. Institutional investors and hedge funds own 68.77% of the company's stock.

Weibo Stock Up 0.9 %

Shares of NASDAQ WB traded up $0.07 during midday trading on Friday, reaching $7.61. The company's stock had a trading volume of 1,754,033 shares, compared to its average volume of 1,786,514. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The stock has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.65. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 5.21 and a beta of 0.12. 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 Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Thursday, May 15th. Investors 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 is Wednesday, April 9th. Weibo's payout ratio is presently 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.