UBS Group AG Grows Holdings in Weibo Corporation $WB

UBS Group AG grew its holdings in Weibo Corporation (NASDAQ:WB) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,596,371 shares of the information services provider’s stock after purchasing an additional 218,666 shares during the period. UBS Group AG’s holdings in Weibo were worth $16,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthCollab LLC increased its stake in Weibo by 50.1% in the fourth quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,709 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Weibo in the second quarter worth $61,000. AQR Capital Management LLC bought a new position in Weibo in the 1st quarter worth about $117,000. Ascent Group LLC purchased a new position in shares of Weibo during the fourth quarter worth approximately $148,000. Finally, Savant Capital LLC purchased a new position in shares of Weibo during the third quarter worth approximately $153,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Stock Performance

Shares of NASDAQ:WB opened at $8.37 on Wednesday. The firm has a market cap of $2.04 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 4.40 and a beta of 0.22. The firm’s 50 day simple moving average is $8.90 and its 200-day simple moving average is $9.87. Weibo Corporation has a one year low of $8.10 and a one year high of $12.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.39 and a current ratio of 3.39.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, March 19th. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). The company had revenue of $473.26 million for the quarter, compared to analysts’ expectations of $444.28 million. Weibo had a return on equity of 10.63% and a net margin of 25.55%.The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. As a group, equities analysts predict that Weibo Corporation will post 1.45 EPS for the current year.

Weibo Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 17th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 690.0%. Weibo’s dividend payout ratio (DPR) is 34.71%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Weibo has a consensus rating of “Hold” and a consensus price target of $14.00.

Weibo Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.