XY Capital Ltd Acquires 96,150 Shares of Weibo Corporation $WB

XY Capital Ltd grew its holdings in Weibo Corporation (NASDAQ:WB) by 94.1% in the 4th quarter, Holdings Channel reports. The fund owned 198,356 shares of the information services provider’s stock after purchasing an additional 96,150 shares during the quarter. Weibo comprises 1.3% of XY Capital Ltd’s portfolio, making the stock its 16th biggest holding. XY Capital Ltd’s holdings in Weibo were worth $2,027,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WB. AQR Capital Management LLC bought a new stake in shares of Weibo in the first quarter valued at approximately $117,000. JPMorgan Chase & Co. lifted its position in Weibo by 497.1% in the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock worth $6,865,000 after purchasing an additional 599,700 shares during the period. Marshall Wace LLP bought a new position in Weibo in the second quarter worth $2,502,000. Daiwa Securities Group Inc. bought a new position in Weibo in the second quarter worth $61,000. Finally, Raymond James Financial Inc. lifted its position in Weibo by 139.5% in the second quarter. Raymond James Financial Inc. now owns 47,852 shares of the information services provider’s stock worth $456,000 after purchasing an additional 27,868 shares during the period. 68.77% of the stock is owned by institutional investors.

Weibo Stock Down 0.4%

Shares of WB stock opened at $7.63 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 4.61 and a beta of 0.20. Weibo Corporation has a one year low of $7.47 and a one year high of $12.96. The stock has a fifty day moving average price of $8.35 and a 200 day moving average price of $9.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.02 and a quick ratio of 3.02.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Thursday, May 28th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Weibo had a return on equity of 9.90% and a net margin of 21.15%.The company had revenue of $421.33 million for the quarter, compared to analyst estimates of $416.76 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Analysts predict that Weibo Corporation will post 1.26 earnings per share for the current year.

Weibo Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, April 17th were paid a dividend of $0.61 per share. This represents a yield of 690.0%. The ex-dividend date was Friday, April 17th. Weibo’s dividend payout ratio is currently 41.26%.

Analyst Ratings Changes

Several brokerages recently commented on WB. Jefferies Financial Group reaffirmed a “buy” rating and issued a $9.80 target price on shares of Weibo in a research report on Thursday, May 28th. Zacks Research cut Weibo from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Weiss Ratings cut Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.90.

Weibo Company 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.