Invesco Ltd. Boosts Holdings in Weibo Co. (NASDAQ:WB)

Invesco Ltd. increased its position in Weibo Co. (NASDAQ:WB) by 34.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,719,174 shares of the information services provider’s stock after purchasing an additional 436,215 shares during the quarter. Invesco Ltd. owned 0.71% of Weibo worth $16,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WB. Blue Trust Inc. raised 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 acquiring an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo during the fourth quarter worth about $70,000. PARUS FINANCE UK Ltd bought a new stake in Weibo in the fourth quarter valued at about $99,000. Virtu Financial LLC acquired a new stake in Weibo during the fourth quarter valued at approximately $117,000. Finally, Aigen Investment Management LP bought a new position in Weibo during the 4th quarter worth approximately $167,000. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Price Performance

Shares of NASDAQ WB opened at $7.61 on Monday. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 5.21 and a beta of 0.12. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40. The business has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.63.

Weibo Announces Dividend

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 given 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 currently 68.97%.

Weibo Company Profile

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.