2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new position in shares of Weibo Co. ( NASDAQ:WB – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,100 shares of the information services provider’s stock, valued at approximately $421,000.
A number of other hedge funds have also modified their holdings of the stock. Two Sigma Advisers LP raised its holdings in shares of Weibo by 1.7% during the third quarter.
Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider’s stock valued at $11,623,000 after acquiring an additional 19,200 shares during the period. State Street Corp raised its stake in 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 during the period. Polunin Capital Partners Ltd lifted its holdings in shares of Weibo by 14.6% in the fourth quarter.
Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider’s stock valued at $5,600,000 after purchasing an additional 73,412 shares in the last quarter. E Fund Management Co. Ltd.
boosted its position in shares of Weibo by 1,003.7% in the fourth quarter. E Fund Management Co.
Ltd. now owns 458,206 shares of the information services provider’s stock worth $4,376,000 after buying an additional 416,690 shares during the period. Finally, American Century Companies Inc.
grew its holdings in shares of Weibo by 5.9% during the fourth quarter. American Century Companies Inc.
now owns 376,820 shares of the information services provider’s stock valued at $3,599,000 after buying an additional 20,868 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets Separately, StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock.
Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.75.
Weibo Stock Down 6.2 % WB stock opened at $8.60 on Friday.
The company has a 50 day moving average of $10.34 and a two-hundred day moving average of $9.74.
The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.
51. Weibo Co. has a 12-month low of $7.
03 and a 12-month high of $12.40. The company has a market cap of $2.
09 billion, a price-to-earnings ratio of 5.89 and a beta of 0.12.
Weibo Dividend Announcement The company also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be given a dividend of $0.82 per share.
The ex-dividend date is Wednesday, April 9th. This represents a yield of 7.77%.
Weibo’s payout ratio 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. Featured Articles Five stocks we like better than Weibo 3 Stocks to Consider Buying in October Archer Aviation’s Africa Deal Could Boost ACHR Stock How Technical Indicators Can Help You Find Oversold Stocks Are Short Sellers Wrong About These 3 Semiconductor Stocks? There Are Different Types of Stock To Invest In Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Want to see what other hedge funds are holding WB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Weibo Co. ( NASDAQ:WB – Free Report ). Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.
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