Redhawk Wealth Advisors Inc. Takes $1.08 Million Position in Weibo Corporation $WB

Redhawk Wealth Advisors Inc. acquired a new position in Weibo Corporation (NASDAQ:WB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 105,795 shares of the information services provider’s stock, valued at approximately $1,081,000.

Several other large investors have also modified their holdings of the company. AQR Capital Management LLC acquired a new position in Weibo in the 1st quarter valued at $117,000. JPMorgan Chase & Co. boosted its holdings in Weibo by 497.1% during the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock valued at $6,865,000 after acquiring an additional 599,700 shares during the period. Legal & General Group Plc boosted its holdings in Weibo by 38.8% during the second quarter. Legal & General Group Plc now owns 212,973 shares of the information services provider’s stock valued at $2,029,000 after acquiring an additional 59,580 shares during the period. American Century Companies Inc. grew its position in shares of Weibo by 48.7% in the second quarter. American Century Companies Inc. now owns 588,845 shares of the information services provider’s stock valued at $5,612,000 after purchasing an additional 192,955 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Weibo by 72.3% in the second quarter. Prudential Financial Inc. now owns 484,800 shares of the information services provider’s stock worth $4,620,000 after purchasing an additional 203,500 shares during the period. 68.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weibo in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Weibo Price Performance

NASDAQ:WB opened at $8.58 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.39 and a quick ratio of 3.35. The stock has a market cap of $2.10 billion, a P/E ratio of 5.05, a PEG ratio of 4.50 and a beta of 0.13. The company has a fifty day moving average price of $9.93 and a 200 day moving average price of $10.60. Weibo Corporation has a one year low of $7.10 and a one year high of $12.96.

Weibo (NASDAQ:WB) last announced its quarterly earnings data on Thursday, March 19th. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). Weibo had a net margin of 25.55% and a return on equity of 10.63%. The company had revenue of $473.26 million for the quarter, compared to analyst estimates of $444.28 million. During the same period in the prior year, the company posted $0.40 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts anticipate that Weibo Corporation will post 1.62 earnings per share for the current year.

Weibo Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, April 17th will be given a $0.61 dividend. The ex-dividend date is Friday, April 17th. This represents a dividend yield of 706.0%. Weibo’s dividend payout ratio (DPR) is currently 34.71%.

Weibo Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.