Franklin Resources Inc. Has $286,000 Stock Position in Weibo Co. (NASDAQ:WB)

Franklin Resources Inc. lifted its holdings in Weibo Co. (NASDAQ:WB) by 9.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,986 shares of the information services provider’s stock after acquiring an additional 2,522 shares during the period. Franklin Resources Inc.’s holdings in Weibo were worth $286,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WB. Blue Trust Inc. increased its position in shares of Weibo by 155.2% in the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Weibo in the 4th quarter valued at about $70,000. PARUS FINANCE UK Ltd bought a new position in Weibo in the 4th quarter valued at about $99,000. Virtu Financial LLC acquired a new position in shares of Weibo in the 4th quarter valued at approximately $117,000. Finally, Aigen Investment Management LP bought a new stake in shares of Weibo during the 4th quarter worth approximately $167,000. 68.77% of the stock is owned by institutional investors.

Weibo Stock Performance

Shares of NASDAQ:WB opened at $7.61 on Friday. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. 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 debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The company’s 50 day simple moving average is $9.73 and its 200 day simple moving average is $9.65.

Weibo Dividend Announcement

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