Vontobel Holding Ltd. Sells 2,937 Shares of Weibo Co. (NASDAQ:WB)

Vontobel Holding Ltd. trimmed its stake in shares of Weibo Co. (NASDAQ:WB) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,282 shares of the information services provider’s stock after selling 2,937 shares during the quarter. Vontobel Holding Ltd.’s holdings in Weibo were worth $117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP boosted its position in shares of Weibo by 1.7% in the third quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider’s stock valued at $11,623,000 after acquiring an additional 19,200 shares during the period. State Street Corp boosted its position in shares of Weibo by 0.7% in the third quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock valued at $9,392,000 after acquiring an additional 6,369 shares during the period. Citigroup Inc. boosted its position in shares of Weibo by 347.3% in the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock valued at $6,077,000 after acquiring an additional 468,072 shares during the period. Polunin Capital Partners Ltd raised its stake in Weibo by 14.6% in the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider’s stock valued at $5,600,000 after purchasing an additional 73,412 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Weibo in the third quarter valued at about $3,696,000. 68.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WB has been the subject of a number of analyst reports. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reaffirmed a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Weibo has a consensus rating of “Hold” and a consensus price target of $10.28.

Weibo Stock Performance

NASDAQ:WB opened at $11.34 on Friday. The stock has a market cap of $2.75 billion, a P/E ratio of 7.77 and a beta of 0.26. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $9.95 and its 200-day moving average is $9.19. Weibo Co. has a 1-year low of $7.03 and a 1-year high of $12.40.

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.