Federated Hermes Inc. Lowers Stock Holdings in Weibo Co. (NASDAQ:WB)

Federated Hermes Inc. lowered its stake in Weibo Co. (NASDAQ:WB) by 10.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,882,253 shares of the information services provider’s stock after selling 467,438 shares during the period. Federated Hermes Inc.’s holdings in Weibo were worth $37,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weibo by 60.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider’s stock worth $2,845,000 after acquiring an additional 105,780 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Weibo by 78.1% during the 3rd quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider’s stock valued at $2,252,000 after purchasing an additional 98,017 shares during the period. Caprock Group LLC purchased a new stake in Weibo during the fourth quarter valued at approximately $229,000. E Fund Management Co. Ltd. raised its holdings in Weibo by 1,003.7% in the 4th quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider’s stock worth $4,376,000 after purchasing an additional 416,690 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Weibo by 24.6% in the 4th quarter. New York State Common Retirement Fund now owns 276,349 shares of the information services provider’s stock worth $2,639,000 after acquiring an additional 54,600 shares in the last quarter. Institutional investors own 68.77% of the company’s stock.

Weibo Trading Down 3.1 %

Shares of Weibo stock opened at $8.33 on Tuesday. The company has a fifty day moving average of $10.31 and a 200 day moving average of $9.77. The company has a market capitalization of $2.02 billion, a P/E ratio of 5.71 and a beta of 0.12. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. 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 Dividend Announcement

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