XY Capital Ltd Has $2.03 Million Position in Weibo Corporation $WB

XY Capital Ltd increased its position in Weibo Corporation (NASDAQ:WB) by 94.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,356 shares of the information services provider’s stock after buying an additional 96,150 shares during the period. Weibo accounts for 1.3% of XY Capital Ltd’s portfolio, making the stock its 16th largest holding. XY Capital Ltd owned 0.08% of Weibo worth $2,027,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC increased its holdings in Weibo by 25.0% in the third quarter. Krane Funds Advisors LLC now owns 4,676,063 shares of the information services provider’s stock worth $57,983,000 after buying an additional 934,898 shares during the last quarter. Causeway Capital Management LLC increased its holdings in Weibo by 11.7% in the third quarter. Causeway Capital Management LLC now owns 2,952,249 shares of the information services provider’s stock worth $36,608,000 after buying an additional 308,531 shares during the last quarter. UBS Group AG increased its holdings in Weibo by 15.9% in the fourth quarter. UBS Group AG now owns 1,596,371 shares of the information services provider’s stock worth $16,315,000 after buying an additional 218,666 shares during the last quarter. Wellington Management Group LLP increased its holdings in Weibo by 26.0% in the third quarter. Wellington Management Group LLP now owns 1,155,576 shares of the information services provider’s stock worth $14,329,000 after buying an additional 238,120 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Weibo by 99.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,801 shares of the information services provider’s stock worth $12,968,000 after buying an additional 522,400 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Down 0.4%

Shares of Weibo stock opened at $7.63 on Friday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 5.34, a PEG ratio of 4.61 and a beta of 0.20. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $9.47. Weibo Corporation has a 12-month low of $7.47 and a 12-month high of $12.96.

Weibo (NASDAQ:WB) last announced 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). The company had revenue of $421.33 million for the quarter, compared to the consensus estimate of $416.76 million. Weibo had a return on equity of 9.90% and a net margin of 21.15%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. Equities analysts expect that Weibo Corporation will post 1.26 earnings per share for the current year.

Weibo Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, April 17th were given a $0.61 dividend. This represents a dividend yield of 690.0%. The ex-dividend date of this dividend was Friday, April 17th. Weibo’s dividend payout ratio is currently 41.26%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WB. Jefferies Financial Group reaffirmed a “buy” rating and set a $9.80 target price on shares of Weibo in a research report on Thursday, May 28th. Zacks Research cut Weibo from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Weiss Ratings cut Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.90.

About Weibo

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.