Prudential Financial Inc. Invests $981,000 in Weibo Co. (NASDAQ:WB)

Prudential Financial Inc. bought a new stake in shares of Weibo Co. (NASDAQ:WB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 102,700 shares of the information services provider’s stock, valued at approximately $981,000.

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Weibo by 155.2% in the 4th quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,642 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Weibo during the fourth quarter valued at approximately $70,000. Virtu Financial LLC purchased a new position in shares of Weibo in the fourth quarter valued at approximately $117,000. Aigen Investment Management LP acquired a new stake in shares of Weibo in the fourth quarter worth approximately $167,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Weibo in the fourth quarter worth approximately $169,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Price Performance

NASDAQ:WB opened at $8.60 on Monday. The stock has a 50 day moving average price of $10.34 and a 200 day moving average price of $9.77. The stock has a market cap of $2.09 billion, a PE ratio of 5.89 and a beta of 0.12. 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 Co. has a one year low of $7.03 and a one year high of $12.40.

Weibo Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a yield of 7.77%. Weibo’s dividend payout ratio (DPR) is currently 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.