Weibo Co. (NASDAQ:WB) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Weibo Co. (NASDAQ:WB) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,807 shares of the information services provider’s stock after acquiring an additional 27,323 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.12% of Weibo worth $2,873,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. increased its stake in Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after acquiring an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Weibo during the 4th quarter worth approximately $70,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Weibo by 17.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock valued at $134,000 after buying an additional 1,970 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Weibo during the fourth quarter worth approximately $167,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Weibo in the fourth quarter worth $169,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Stock Performance

Shares of WB stock opened at $10.19 on Tuesday. 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 company’s fifty day moving average price is $10.35 and its two-hundred day moving average price is $9.63. The firm has a market capitalization of $2.47 billion, a P/E ratio of 6.98 and a beta of 0.27. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40.

Weibo Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, May 15th. Investors 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 is currently 68.97%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.03.

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.