Vanguard Group Inc. Raises Holdings in Weibo Co. (NASDAQ:WB)

Vanguard Group Inc. increased its stake in shares of Weibo Co. (NASDAQ:WB) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,811,872 shares of the information services provider’s stock after buying an additional 52,598 shares during the period. Vanguard Group Inc. owned about 1.16% of Weibo worth $26,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WB. State Street Corp increased its holdings 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 worth $9,392,000 after buying an additional 6,369 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Weibo by 72.0% in the third quarter. Wellington Management Group LLP now owns 60,195 shares of the information services provider’s stock worth $607,000 after buying an additional 25,189 shares during the last quarter. XTX Topco Ltd acquired a new position in Weibo in the third quarter worth $349,000. Y Intercept Hong Kong Ltd bought a new position in Weibo during the 3rd quarter worth $322,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Weibo in the 3rd quarter worth about $3,696,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Trading Up 0.4 %

Weibo stock opened at $7.63 on Tuesday. The company has a 50 day moving average price of $9.97 and a 200 day moving average price of $9.72. 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 52 week low of $7.03 and a 52 week high of $12.40. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 5.23 and a beta of 0.12.

Weibo Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.82 per share. 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.