BNP Paribas Financial Markets Grows Stock Position in Weibo Co. (NASDAQ:WB)

BNP Paribas Financial Markets grew its holdings in shares of Weibo Co. (NASDAQ:WB) by 51.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,192 shares of the information services provider’s stock after purchasing an additional 43,086 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.05% of Weibo worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WB. Blue Trust Inc. boosted its position in shares of Weibo by 155.2% during the 4th 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo during the 4th quarter valued at approximately $70,000. PARUS FINANCE UK Ltd bought a new position in shares of Weibo during the 4th quarter valued at approximately $99,000. Virtu Financial LLC bought a new position in shares of Weibo during the 4th quarter valued at approximately $117,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Weibo during the 4th quarter valued at approximately $133,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Price Performance

Shares of NASDAQ WB opened at $8.47 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The company has a market cap of $2.05 billion, a PE ratio of 5.80 and a beta of 0.01. The business has a 50-day simple moving average of $8.73 and a two-hundred day simple moving average of $9.44. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40.

Weibo Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th were given a $0.82 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 7.77%. Weibo’s dividend payout ratio is currently 68.97%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Weibo from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.75.

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.