Weibo (NASDAQ:WB) Shares Down 4.3% – What’s Next?

Shares of Weibo Co. (NASDAQ:WB) fell 4.3% on Thursday . The company traded as low as $10.16 and last traded at $10.25. 384,277 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,770,794 shares. The stock had previously closed at $10.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Weibo currently has an average rating of “Hold” and a consensus target price of $10.03.

Weibo Trading Down 0.5 %

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 firm’s fifty day moving average is $10.33 and its two-hundred day moving average is $9.58. The firm has a market capitalization of $2.46 billion, a PE ratio of 6.93 and a beta of 0.27.

Weibo Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo’s payout ratio is presently 68.97%.

Institutional Trading of Weibo

A number of institutional investors and hedge funds have recently modified their holdings of WB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Weibo by 60.0% during 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 purchasing an additional 105,780 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Weibo by 347.3% in the 3rd quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock worth $6,077,000 after buying an additional 468,072 shares during the last quarter. Geode Capital Management LLC grew its position in Weibo by 78.1% during the third quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider’s stock valued at $2,252,000 after buying an additional 98,017 shares during the period. Caprock Group LLC purchased a new stake in Weibo during the fourth quarter worth about $229,000. Finally, E Fund Management Co. Ltd. raised its position in Weibo by 1,003.7% in 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 acquiring an additional 416,690 shares during the period. 68.77% of the stock is owned by hedge funds and other institutional investors.

About Weibo

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.