E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Weibo Co. (NASDAQ:WB – Get Rating) by 39.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,420 shares of the information services provider’s stock after purchasing an additional 18,851 shares during the quarter. Weibo comprises 0.7% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 21st biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Weibo were worth $1,332,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of Weibo by 149.2% during the first quarter. UBS Group AG now owns 5,059,287 shares of the information services provider’s stock worth $124,002,000 after acquiring an additional 3,029,114 shares during the last quarter. Dantai Capital Ltd purchased a new position in shares of Weibo during the fourth quarter valued at about $39,917,000. Norges Bank bought a new stake in shares of Weibo in the fourth quarter worth about $39,154,000. ARGA Investment Management LP lifted its position in shares of Weibo by 26.5% in the fourth quarter. ARGA Investment Management LP now owns 5,789,371 shares of the information services provider’s stock worth $110,265,000 after buying an additional 1,212,896 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Weibo by 26.6% during the third quarter. Federated Hermes Inc. now owns 3,944,506 shares of the information services provider’s stock valued at $67,451,000 after buying an additional 828,636 shares during the last quarter. 29.94% of the stock is owned by hedge funds and other institutional investors.

Weibo Trading Down 7.2 %

WB traded down $1.02 during trading on Friday, reaching $13.17. The company had a trading volume of 507,472 shares, compared to its average volume of 1,284,050. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.71. The business has a 50 day simple moving average of $15.82 and a 200-day simple moving average of $18.35. The stock has a market cap of $3.08 billion, a P/E ratio of 12.22, a PEG ratio of 0.77 and a beta of 0.52. Weibo Co. has a 52 week low of $10.02 and a 52 week high of $25.57.

Weibo (NASDAQ:WB – Get Rating) last released its earnings results on Thursday, May 25th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Weibo had a return on equity of 12.30% and a net margin of 14.36%. The firm had revenue of $413.78 million during the quarter, compared to the consensus estimate of $418.70 million. On average, equities analysts anticipate that Weibo Co. will post 1.7 EPS for the current fiscal year.

Weibo Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Monday, June 26th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, June 23rd.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WB. 58.com reaffirmed a “downgrade” rating on shares of Weibo in a report on Tuesday, June 13th. UBS Group downgraded shares of Weibo from a “buy” rating to a “neutral” rating and decreased their price target for the company from $33.00 to $15.50 in a research note on Tuesday, June 13th. Finally, StockNews.com initiated coverage on shares of Weibo in a research note on Thursday, May 18th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.42.

Weibo Company Profile

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Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.

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