Weibo (NASDAQ:WB) Sets New 12-Month Low – Time to Sell?

Weibo Corporation (NASDAQ:WB)’s share price reached a new 52-week low on Monday . The company traded as low as $8.06 and last traded at $8.2370, with a volume of 125647 shares traded. The stock had previously closed at $8.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.00.

Weibo Stock Down 0.1%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.39 and a current ratio of 3.39. The firm has a fifty day moving average price of $8.77 and a 200 day moving average price of $9.76. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 4.33 and a beta of 0.22.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Thursday, March 19th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.07). The business had revenue of $473.26 million during the quarter, compared to analyst estimates of $444.28 million. Weibo had a net margin of 25.55% and a return on equity of 10.63%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. As a group, sell-side analysts expect that Weibo Corporation will post 1.45 EPS for the current fiscal year.

Weibo Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 17th will be issued a $0.61 dividend. This represents a dividend yield of 690.0%. The ex-dividend date of this dividend is Friday, April 17th. Weibo’s dividend payout ratio (DPR) is currently 34.71%.

Hedge Funds Weigh In On Weibo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH raised its holdings in Weibo by 537.0% during the third quarter. Allianz Asset Management GmbH now owns 132,645 shares of the information services provider’s stock worth $1,645,000 after purchasing an additional 111,821 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Weibo by 99.8% during 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 purchasing an additional 522,400 shares during the last quarter. Causeway Capital Management LLC raised its holdings in Weibo by 11.7% during 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 purchasing an additional 308,531 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in Weibo by 25.0% during 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 purchasing an additional 934,898 shares during the last quarter. Finally, ARGA Investment Management LP acquired a new position in Weibo during the third quarter worth $647,000. 68.77% of the stock is owned by institutional investors and hedge funds.

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.