Krane Funds Advisors LLC Reduces Holdings in Weibo Co. (NASDAQ:WB)

Krane Funds Advisors LLC decreased its position in shares of Weibo Co. (NASDAQ:WB) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,464,044 shares of the information services provider’s stock after selling 128,448 shares during the period. Weibo comprises approximately 1.4% of Krane Funds Advisors LLC’s holdings, making the stock its 14th biggest holding. Krane Funds Advisors LLC owned about 1.43% of Weibo worth $33,082,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in Weibo by 98.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 83,106 shares of the information services provider’s stock worth $838,000 after acquiring an additional 41,137 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Weibo by 60.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider’s stock worth $2,845,000 after purchasing an additional 105,780 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in Weibo by 22.8% in the third quarter. Quadrature Capital Ltd now owns 40,464 shares of the information services provider’s stock worth $408,000 after purchasing an additional 7,508 shares during the period. State Street Corp increased its stake in Weibo by 0.7% during the third quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock valued at $9,392,000 after purchasing an additional 6,369 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Weibo by 1.7% during the third quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider’s stock worth $11,623,000 after purchasing an additional 19,200 shares during the period. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Trading Down 6.2 %

Weibo stock opened at $8.60 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The firm’s 50-day moving average is $10.34 and its 200-day moving average is $9.77. The company has a market cap of $2.09 billion, a P/E ratio of 5.89 and a beta of 0.12.

Weibo Announces Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend payout ratio (DPR) is presently 68.97%.

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.