Norges Bank Purchases Shares of 1,180,552 Weibo Co. (NASDAQ:WB)

Norges Bank acquired a new position in shares of Weibo Co. (NASDAQ:WB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,180,552 shares of the information services provider’s stock, valued at approximately $11,274,000. Norges Bank owned 0.49% of Weibo as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in shares of Weibo by 98.0% during the third quarter. BNP Paribas Financial Markets now owns 83,106 shares of the information services provider’s stock valued at $838,000 after purchasing an additional 41,137 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Weibo by 60.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider’s stock valued at $2,845,000 after buying an additional 105,780 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Weibo by 22.8% during the 3rd quarter. Quadrature Capital Ltd now owns 40,464 shares of the information services provider’s stock worth $408,000 after acquiring an additional 7,508 shares during the period. State Street Corp boosted its position in shares of Weibo by 0.7% during the 3rd quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock valued at $9,392,000 after acquiring an additional 6,369 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in Weibo by 1.7% in the third quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider’s stock valued at $11,623,000 after acquiring an additional 19,200 shares during the period. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Down 3.1 %

Shares of WB opened at $8.33 on Tuesday. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 5.71 and a beta of 0.12. The company has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $9.77. 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 Dividend Announcement

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