Weibo Co. (NASDAQ:WB) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of Weibo Co. (NASDAQ:WB) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 5,290,626 shares of the information services provider’s stock after buying an additional 179,482 shares during the quarter. Federated Hermes Inc.’s holdings in Weibo were worth $57,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. UBS Group AG boosted its position in shares of Weibo by 149.2% during the 1st 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 in the last quarter. BlackRock Inc. boosted its position in shares of Weibo by 10.1% during the 1st quarter. BlackRock Inc. now owns 3,716,600 shares of the information services provider’s stock worth $74,555,000 after acquiring an additional 340,154 shares in the last quarter. Krane Funds Advisors LLC boosted its position in shares of Weibo by 14.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 3,188,994 shares of the information services provider’s stock worth $39,990,000 after acquiring an additional 401,004 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of Weibo by 183.5% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 2,834,725 shares of the information services provider’s stock valued at $56,865,000 after purchasing an additional 1,834,725 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Weibo by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,730,281 shares of the information services provider’s stock valued at $46,688,000 after purchasing an additional 65,731 shares during the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Stock Down 2.0 %

WB opened at $7.90 on Friday. The business has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $10.07. The company has a quick ratio of 2.38, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.85 billion, a PE ratio of 5.56, a P/E/G ratio of 1.22 and a beta of 0.44. Weibo Co. has a 52 week low of $7.58 and a 52 week high of $18.10.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.14). The company had revenue of $463.67 million for the quarter, compared to analysts’ expectations of $452.30 million. Weibo had a net margin of 19.47% and a return on equity of 10.77%. As a group, research analysts anticipate that Weibo Co. will post 1.64 EPS for the current year.

Weibo Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, April 11th.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WB. StockNews.com downgraded Weibo from a “buy” rating to a “hold” rating in a report on Friday, January 19th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.60 target price on shares of Weibo in a report on Thursday, March 28th. Bank of America downgraded Weibo from a “buy” rating to an “underperform” rating and reduced their target price for the company from $19.50 to $10.00 in a report on Thursday, January 11th. UBS Group raised Weibo from a “neutral” rating to a “buy” rating and reduced their target price for the company from $12.90 to $11.50 in a report on Tuesday, March 19th. Finally, HSBC reduced their target price on Weibo from $13.60 to $9.80 and set a “hold” rating for the company in a report on Friday, March 15th. One equities research 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.98.

Weibo Company Profile

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.