Two Sigma Investments LP Sells 140,830 Shares of Weibo Co. (NASDAQ:WB)

Two Sigma Investments LP decreased its position in Weibo Co. (NASDAQ:WB) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,912,407 shares of the information services provider’s stock after selling 140,830 shares during the quarter. Two Sigma Investments LP owned approximately 0.79% of Weibo worth $18,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WB. Blue Trust Inc. boosted its stake in Weibo by 155.2% during the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,642 shares during the period. Shell Asset Management Co. bought a new stake in shares of Weibo in the fourth quarter valued at approximately $54,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Weibo in the fourth quarter valued at approximately $70,000. PARUS FINANCE UK Ltd acquired a new stake in shares of Weibo in the fourth quarter worth $99,000. Finally, Virtu Financial LLC bought a new position in Weibo during the fourth quarter worth $117,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Weibo from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.75.

Weibo Price Performance

Shares of WB stock opened at $9.41 on Friday. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The company has a market capitalization of $2.28 billion, a P/E ratio of 6.45 and a beta of 0.01. The stock has a 50 day moving average of $8.63 and a two-hundred day moving average of $9.44. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo (NASDAQ:WB) last issued its earnings results on Wednesday, May 21st. The information services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $396.86 million during the quarter, compared to analyst estimates of $394.21 million. Weibo had a return on equity of 11.03% and a net margin of 21.30%. Weibo’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, equities analysts expect that Weibo Co. will post 1.62 EPS for the current year.

Weibo Announces Dividend

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

Weibo Company 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.