Virtu Financial LLC Acquires Shares of 12,215 Weibo Co. (NASDAQ:WB)

Virtu Financial LLC bought a new position in Weibo Co. (NASDAQ:WB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,215 shares of the information services provider’s stock, valued at approximately $117,000.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Weibo by 10.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 300,807 shares of the information services provider’s stock worth $2,873,000 after acquiring an additional 27,323 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Weibo by 525.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,960 shares of the information services provider’s stock valued at $792,000 after purchasing an additional 69,699 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Weibo by 1,003.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider’s stock valued at $4,376,000 after buying an additional 416,690 shares during the period. Raymond James Financial Inc. bought a new stake in Weibo in the fourth quarter worth $173,000. Finally, Aigen Investment Management LP purchased a new position in Weibo during the fourth quarter worth $167,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Price Performance

Shares of WB stock opened at $9.39 on Monday. The firm has a market capitalization of $2.28 billion, a P/E ratio of 6.43 and a beta of 0.27. Weibo Co. has a 52-week low of $7.03 and a 52-week high of $12.40. The stock has a 50 day moving average price of $10.38 and a 200 day moving average price of $9.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

Weibo Dividend Announcement

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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 issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.75.

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.