395,122 Shares in Weibo Co. (NASDAQ:WB) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in shares of Weibo Co. (NASDAQ:WB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 395,122 shares of the information services provider’s stock, valued at approximately $3,773,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WB. Blue Trust Inc. boosted its stake in shares of Weibo by 155.2% in the 4th 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. acquired a new position in Weibo in the fourth quarter valued at $70,000. PARUS FINANCE UK Ltd bought a new stake in Weibo during the fourth quarter valued at $99,000. Virtu Financial LLC bought a new stake in Weibo during the fourth quarter valued at $117,000. Finally, Aigen Investment Management LP acquired a new stake in Weibo during the 4th quarter worth about $167,000. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Stock Down 5.8 %

Shares of NASDAQ:WB opened at $7.85 on Wednesday. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The business’s 50-day moving average is $10.23 and its 200-day moving average is $9.76. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 5.38 and a beta of 0.12.

Weibo Dividend Announcement

The firm also recently declared 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 dividend yield of 7.77%. The ex-dividend date 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.