Numerai GP LLC Sells 175,742 Shares of Weibo Co. (NASDAQ:WB)

Numerai GP LLC lowered its position in shares of Weibo Co. (NASDAQ:WB) by 79.6% during the fourth quarter, HoldingsChannel reports. The fund owned 45,061 shares of the information services provider’s stock after selling 175,742 shares during the quarter. Numerai GP LLC’s holdings in Weibo were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. bought a new position in shares of Weibo during the fourth quarter valued at $981,000. Caprock Group LLC acquired a new stake in Weibo in the fourth quarter valued at $229,000. E Fund Management Co. Ltd. increased its holdings 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 raised its position in Weibo by 24.6% during the 4th quarter. New York State Common Retirement Fund now owns 276,349 shares of the information services provider’s stock worth $2,639,000 after purchasing an additional 54,600 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Weibo by 525.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,960 shares of the information services provider’s stock worth $792,000 after buying an additional 69,699 shares during the period. Institutional investors own 68.77% of the company’s stock.

Weibo Price Performance

Shares of NASDAQ WB opened at $8.45 on Friday. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.05 billion, a PE ratio of 5.79 and a beta of 0.01. The firm has a fifty day simple moving average of $8.83 and a 200 day simple moving average of $9.45. Weibo Co. has a twelve month low of $7.03 and a twelve month high of $12.40.

Weibo Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th were given a $0.82 dividend. This represents a dividend yield of 7.77%. The ex-dividend date was Wednesday, April 9th. Weibo’s dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Weibo from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.75.

Weibo 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.