203,251 Shares in Weibo Co. (NASDAQ:WB) Purchased by Jump Financial LLC

Jump Financial LLC purchased a new stake in Weibo Co. (NASDAQ:WB) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 203,251 shares of the information services provider’s stock, valued at approximately $1,941,000. Jump Financial LLC owned about 0.08% of Weibo as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WB. Blue Trust Inc. increased 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Weibo during the 4th quarter worth $70,000. PARUS FINANCE UK Ltd purchased a new position in Weibo during the 4th quarter valued at about $99,000. Virtu Financial LLC bought a new position in Weibo in the fourth quarter worth approximately $117,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Weibo during the 4th quarter worth $167,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Trading Up 0.9 %

NASDAQ:WB opened at $7.61 on Friday. Weibo Co. has a 52 week low of $7.03 and a 52 week high of $12.40. The firm has a 50 day moving average of $9.73 and a 200 day moving average of $9.65. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 5.21 and a beta of 0.12.

Weibo Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 7.77%. Weibo’s payout ratio is 68.97%.

Weibo Company Profile

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.