Weibo Co. (NASDAQ:WB) Stock Position Reduced by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its stake in Weibo Co. (NASDAQ:WB) by 41.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 646,900 shares of the information services provider’s stock after selling 459,285 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Weibo were worth $6,178,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Weibo in the 4th quarter valued at $70,000. PARUS FINANCE UK Ltd bought a new stake in Weibo in the fourth quarter worth $99,000. Virtu Financial LLC acquired a new position in Weibo during the fourth quarter worth $117,000. Finally, Aigen Investment Management LP bought a new position in Weibo during the fourth quarter valued at about $167,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Performance

WB opened at $7.67 on Tuesday. The stock has a 50-day moving average of $9.67 and a 200-day moving average of $9.60. 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 Co. has a 52-week low of $7.03 and a 52-week high of $12.40. The company has a market cap of $1.86 billion, a PE ratio of 5.25 and a beta of 0.12.

Weibo Announces Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 9th will be given a $0.82 dividend. This represents a dividend 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.