Deutsche Bank AG Has $146,000 Stock Position in Weibo Co. (NASDAQ:WB)

Deutsche Bank AG lowered its stake in Weibo Co. (NASDAQ:WB) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,327 shares of the information services provider’s stock after selling 1,685 shares during the quarter. Deutsche Bank AG’s holdings in Weibo were worth $146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted 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 valued at $27,000 after buying an additional 1,642 shares during the last quarter. PARUS FINANCE UK Ltd acquired a new position in shares of Weibo during the 4th quarter worth approximately $99,000. Virtu Financial LLC acquired a new position in shares of Weibo during the 4th quarter worth approximately $117,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Weibo during the 4th quarter worth approximately $133,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Weibo by 26.5% during the 4th quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider’s stock worth $151,000 after acquiring an additional 3,307 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Price Performance

WB stock opened at $9.18 on Wednesday. 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 firm has a market capitalization of $2.23 billion, a PE ratio of 6.29 and a beta of 0.01. Weibo Co. has a 1-year low of $7.03 and a 1-year high of $12.40. The business’s 50 day simple moving average is $8.47 and its 200 day simple moving average is $9.47.

Weibo (NASDAQ:WB) last posted its earnings results on Wednesday, May 21st. The information services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Weibo had a return on equity of 11.03% and a net margin of 21.30%. The business had revenue of $396.86 million for the quarter, compared to analyst estimates of $394.21 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, research analysts anticipate that Weibo Co. will post 1.62 EPS for the current year.

Weibo Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th were issued a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date of this dividend was Wednesday, April 9th. Weibo’s dividend payout ratio is 57.97%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Weibo from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Weibo has an average rating of “Hold” and an average 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.