Alpine Investment Management Ltd purchased a new position in Weibo Corporation (NASDAQ:WB – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 386,000 shares of the information services provider’s stock, valued at approximately $3,945,000. Weibo comprises 1.0% of Alpine Investment Management Ltd’s holdings, making the stock its 6th biggest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthCollab LLC boosted its stake in shares of Weibo by 50.1% during the 4th quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,709 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Weibo during the 2nd quarter valued at approximately $61,000. FourThought Financial Partners LLC purchased a new position in shares of Weibo during the 4th quarter valued at approximately $110,000. Savant Capital LLC purchased a new position in shares of Weibo during the 3rd quarter valued at approximately $153,000. Finally, AQR Capital Management LLC purchased a new position in shares of Weibo during the 1st quarter valued at approximately $117,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Zacks Research lowered Weibo from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $9.80 price target on shares of Weibo in a research report on Thursday, May 28th. Finally, Weiss Ratings lowered Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.90.
Weibo Stock Up 0.1%
Shares of Weibo stock opened at $7.64 on Friday. The stock has a 50-day moving average price of $8.33 and a 200 day moving average price of $9.46. The company has a market cap of $1.88 billion, a P/E ratio of 5.34, a P/E/G ratio of 4.59 and a beta of 0.20. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.48. Weibo Corporation has a 1 year low of $7.47 and a 1 year high of $12.96.
Weibo (NASDAQ:WB – Get Free Report) last released its earnings results on Thursday, May 28th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Weibo had a net margin of 21.15% and a return on equity of 9.90%. The business had revenue of $421.33 million during the quarter, compared to analyst estimates of $416.76 million. During the same period last year, the business earned $0.45 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Weibo Corporation will post 1.26 EPS for the current fiscal year.
Weibo Cuts Dividend
The business also recently declared an annual dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 17th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a yield of 690.0%. Weibo’s dividend payout ratio is currently 41.26%.
Weibo Company Profile
Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.
Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.
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