Barclays PLC cut its stake in shares of Weibo Co. (NASDAQ:WB - Free Report) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,157 shares of the information services provider's stock after selling 30,762 shares during the quarter. Barclays PLC owned 0.08% of Weibo worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC bought a new stake in Weibo in the fourth quarter valued at $6,133,000. Raymond James Financial Inc. purchased a new position in shares of Weibo during the fourth quarter valued at about $173,000. Invesco Ltd. increased its position in shares of Weibo by 34.0% during the fourth quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock valued at $16,418,000 after buying an additional 436,215 shares during the period. Franklin Resources Inc. raised its stake in Weibo by 9.2% in the fourth quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock worth $286,000 after buying an additional 2,522 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Weibo by 1,641.9% in the fourth 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. 68.77% of the stock is currently owned by institutional investors.
Weibo Stock Up 0.7 %
Shares of WB stock traded up $0.06 during midday trading on Thursday, reaching $8.47. 190,033 shares of the stock were exchanged, compared to its average volume of 1,722,125. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The firm has a market cap of $2.05 billion, a PE ratio of 5.80 and a beta of 0.01. The company's 50 day moving average is $9.05 and its two-hundred day moving average is $9.47. 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 company also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be issued a $0.82 dividend. The ex-dividend date is Wednesday, April 9th. This represents a yield of 7.77%. Weibo's dividend payout ratio (DPR) is 68.97%.
About Weibo
(
Free Report)
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.
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