Numerai GP LLC Has $430,000 Stock Position in Weibo Co. (NASDAQ:WB)

Numerai GP LLC lessened its holdings in Weibo Co. (NASDAQ:WB) by 79.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,061 shares of the information services provider’s stock after selling 175,742 shares during the quarter. Numerai GP LLC’s holdings in Weibo were worth $430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WB. SIH Partners LLLP raised its stake in Weibo by 8.0% in the fourth quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider’s stock valued at $193,000 after purchasing an additional 1,500 shares in the last quarter. Blue Trust Inc. raised its position in shares of Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,642 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Weibo by 9.2% during the 4th quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider’s stock worth $286,000 after acquiring an additional 2,522 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Weibo by 26.5% during the 4th quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider’s stock worth $151,000 after acquiring an additional 3,307 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Weibo during the 4th quarter worth approximately $70,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Weibo has a consensus rating of “Hold” and a consensus target price of $9.75.

Weibo Stock Performance

Weibo stock opened at $8.45 on Friday. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $8.83 and its two-hundred day moving average price is $9.45. The stock has a market cap of $2.05 billion, a PE ratio of 5.79 and a beta of 0.01.

Weibo Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th were paid a $0.82 dividend. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 7.77%. Weibo’s payout ratio is currently 68.97%.

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.