10,400 Shares in Weibo Co. (NASDAQ:WB) Acquired by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd acquired a new position in Weibo Co. (NASDAQ:WB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,400 shares of the information services provider’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in Weibo by 155.2% in the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Weibo in the 4th quarter valued at $70,000. Virtu Financial LLC acquired a new position in shares of Weibo in the 4th quarter valued at $117,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Weibo by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock worth $134,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Weibo during the fourth quarter worth $167,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.75.

Weibo Stock Performance

Shares of WB opened at $9.39 on Friday. The firm’s 50 day moving average price is $10.38 and its two-hundred day moving average price is $9.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40. The firm has a market cap of $2.28 billion, a P/E ratio of 6.43 and a beta of 0.27.

Weibo Announces Dividend

The firm 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 $0.82 dividend. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo’s dividend payout ratio (DPR) is presently 68.97%.

About Weibo

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.