PARUS FINANCE UK Ltd Takes $99,000 Position in Weibo Co. (NASDAQ:WB)

PARUS FINANCE UK Ltd bought a new position in shares of Weibo Co. (NASDAQ:WB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,400 shares of the information services provider’s stock, valued at approximately $99,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WB. Norges Bank bought a new stake in Weibo in the 4th quarter valued at about $11,274,000. Citigroup Inc. raised its position in shares of Weibo by 347.3% in the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock valued at $6,077,000 after buying an additional 468,072 shares in the last quarter. E Fund Management Co. Ltd. grew its position in Weibo by 1,003.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider’s stock worth $4,376,000 after buying an additional 416,690 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Weibo during the 3rd quarter worth $3,696,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weibo by 60.0% in the 3rd 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 valued at $2,845,000 after acquiring an additional 105,780 shares in the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.75.

Weibo Stock Performance

NASDAQ WB opened at $9.39 on Friday. Weibo Co. has a 1 year low of $7.03 and a 1 year high of $12.40. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 6.43 and a beta of 0.27. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The firm’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $9.67.

Weibo Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 9th. This represents a yield of 7.77%. Weibo’s dividend payout ratio is currently 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.