Weibo Co. (NASDAQ:WB) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of Weibo Co. (NASDAQ:WB) by 43.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 94,673 shares of the information services provider’s stock after selling 72,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Weibo were worth $904,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings 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 buying an additional 1,642 shares during the period. Franklin Resources Inc. raised its stake in shares of Weibo by 16.5% during the third quarter. Franklin Resources Inc. now owns 27,464 shares of the information services provider’s stock valued at $266,000 after purchasing an additional 3,884 shares during the period. State Street Corp raised its stake in shares of Weibo by 0.7% during the third quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock valued at $9,392,000 after purchasing an additional 6,369 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Weibo in the fourth quarter valued at $70,000. Finally, Quadrature Capital Ltd grew its holdings in Weibo by 22.8% during the 3rd quarter. Quadrature Capital Ltd now owns 40,464 shares of the information services provider’s stock valued at $408,000 after purchasing an additional 7,508 shares in the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Performance

Weibo stock opened at $9.45 on Wednesday. Weibo Co. has a 52 week low of $7.03 and a 52 week high of $12.40. 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 stock has a market cap of $2.29 billion, a P/E ratio of 6.47 and a beta of 0.27. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $9.73.

Weibo Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.82 per share. This represents a yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th. Weibo’s dividend payout ratio is currently 68.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.