Weibo Sees Unusually Large Options Volume (NASDAQ:WB)

Weibo Co. (NASDAQ:WB) saw unusually large options trading on Friday. Traders purchased 4,501 put options on the stock. This is an increase of 74% compared to the average volume of 2,581 put options.

Weibo Stock Performance

Weibo stock opened at $10.56 on Friday. Weibo has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.27. The stock’s 50 day simple moving average is $10.18 and its two-hundred day simple moving average is $9.48. 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 Announces Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th will be given a $0.82 dividend. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th.

Institutional Trading of Weibo

A number of hedge funds and other institutional investors have recently bought and sold shares of WB. Blue Trust Inc. grew its holdings 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 buying an additional 1,642 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Weibo in the 4th quarter worth approximately $54,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Weibo during the 4th quarter valued at $70,000. PARUS FINANCE UK Ltd bought a new stake in Weibo during the 4th quarter valued at $99,000. Finally, Virtu Financial LLC bought a new stake in Weibo during the 4th quarter valued at $117,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WB shares. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reissued a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.40.

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.