102,700 Shares in Weibo Co. (NASDAQ:WB) Acquired by Prudential Financial Inc.

Prudential Financial Inc. bought a new stake in Weibo Co. (NASDAQ:WB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 102,700 shares of the information services provider’s stock, valued at approximately $981,000.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 purchasing an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Weibo in the fourth quarter valued at $70,000. Virtu Financial LLC purchased a new position in Weibo in the fourth quarter valued at $117,000. Aigen Investment Management LP acquired a new stake in Weibo in the fourth quarter valued at $167,000. Finally, QRG Capital Management Inc. purchased a new stake in Weibo during the 4th quarter worth about $169,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Stock Performance

Shares of WB opened at $8.60 on Monday. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. 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 $10.34 and a 200 day moving average price of $9.77. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 5.89 and a beta of 0.12.

Weibo Dividend Announcement

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

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.