American Century Companies Inc. Acquires 20,868 Shares of Weibo Co. (NASDAQ:WB)

American Century Companies Inc. increased its holdings in Weibo Co. (NASDAQ:WB) by 5.9% in the 4th quarter, Holdings Channel reports. The fund owned 376,820 shares of the information services provider’s stock after buying an additional 20,868 shares during the quarter. American Century Companies Inc.’s holdings in Weibo were worth $3,599,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WB. Blue Trust Inc. lifted its holdings in shares of Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Weibo in the fourth quarter worth $70,000. Virtu Financial LLC purchased a new stake in shares of Weibo in the fourth quarter worth $117,000. Aigen Investment Management LP bought a new position in shares of Weibo during the fourth quarter valued at $167,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Weibo in the 4th quarter worth about $169,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Stock Performance

Shares of WB stock opened at $8.60 on Monday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 5.89 and a beta of 0.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. Weibo Co. has a one year low of $7.03 and a one year high of $12.40. The company’s 50-day moving average is $10.34 and its 200 day moving average is $9.77.

Weibo Announces Dividend

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