386,000 Shares in Weibo Corporation $WB Purchased by Alpine Investment Management Ltd

Alpine Investment Management Ltd bought a new stake in Weibo Corporation (NASDAQ:WB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 386,000 shares of the information services provider’s stock, valued at approximately $3,945,000. Weibo comprises approximately 1.0% of Alpine Investment Management Ltd’s portfolio, making the stock its 6th biggest position. Alpine Investment Management Ltd owned approximately 0.16% of Weibo as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthCollab LLC lifted its position in shares of Weibo by 50.1% in the 4th quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,709 shares during the period. Daiwa Securities Group Inc. bought a new stake in Weibo during the second quarter valued at approximately $61,000. FourThought Financial Partners LLC bought a new stake in Weibo during the fourth quarter valued at approximately $110,000. AQR Capital Management LLC bought a new stake in Weibo during the first quarter valued at approximately $117,000. Finally, Ascent Group LLC bought a new position in shares of Weibo in the fourth quarter worth approximately $148,000. Institutional investors own 68.77% of the company’s stock.

Weibo Stock Up 0.1%

Shares of WB opened at $7.64 on Friday. The stock has a market capitalization of $1.88 billion, a PE ratio of 5.34, a P/E/G ratio of 4.59 and a beta of 0.20. Weibo Corporation has a 1 year low of $7.47 and a 1 year high of $12.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.02 and a current ratio of 3.02. The company’s 50-day simple moving average is $8.33 and its 200-day simple moving average is $9.46.

Weibo (NASDAQ:WB) last released its earnings results on Thursday, May 28th. The information services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $421.33 million for the quarter, compared to analysts’ expectations of $416.76 million. Weibo had a return on equity of 9.90% and a net margin of 21.15%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. Analysts forecast that Weibo Corporation will post 1.26 earnings per share for the current fiscal year.

Weibo Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 17th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, April 17th. This represents a yield of 690.0%. Weibo’s payout ratio is presently 41.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WB shares. Zacks Research downgraded shares of Weibo from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings cut shares of Weibo from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $9.80 price objective on shares of Weibo in a research report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Weibo currently has a consensus rating of “Hold” and an average price target of $11.90.

Weibo Company 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.