Cubist Systematic Strategies LLC Acquires New Position in Weibo Co. (NASDAQ:WB)

Cubist Systematic Strategies LLC acquired a new stake in Weibo Co. (NASDAQ:WB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 286,694 shares of the information services provider’s stock, valued at approximately $2,738,000. Cubist Systematic Strategies LLC owned 0.12% of Weibo as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WB. Prudential Financial Inc. acquired a new stake in shares of Weibo in the 4th quarter valued at about $981,000. Caprock Group LLC purchased a new position in Weibo during the fourth quarter worth about $229,000. E Fund Management Co. Ltd. lifted its position in Weibo by 1,003.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider’s stock valued at $4,376,000 after purchasing an additional 416,690 shares during the period. New York State Common Retirement Fund boosted its holdings in Weibo by 24.6% in the 4th quarter. New York State Common Retirement Fund now owns 276,349 shares of the information services provider’s stock valued at $2,639,000 after purchasing an additional 54,600 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Weibo by 525.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,960 shares of the information services provider’s stock valued at $792,000 after purchasing an additional 69,699 shares in the last quarter. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Stock Performance

Shares of WB stock opened at $8.54 on Friday. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 5.85 and a beta of 0.01. The stock has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $9.47.

Weibo Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be issued a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo’s dividend payout ratio (DPR) is currently 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.