Weibo (NASDAQ:WB) Shares Down 4.3% – Time to Sell?

Weibo Co. (NASDAQ:WB) shares dropped 4.3% on Thursday . The stock traded as low as $10.16 and last traded at $10.25. Approximately 384,277 shares were traded during trading, a decline of 78% from the average daily volume of 1,770,794 shares. The stock had previously closed at $10.70.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.03.

Weibo Stock Performance

The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 6.93 and a beta of 0.27. The company has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $9.58. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51.

Weibo Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.82 per share. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th. Weibo’s dividend payout ratio is presently 68.97%.

Institutional Investors Weigh In On Weibo

Several hedge funds and other institutional investors have recently bought and sold shares of WB. Blue Trust Inc. increased its holdings in shares of Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 1,642 shares in the last quarter. Shell Asset Management Co. acquired a new stake in Weibo in the 4th quarter valued at $54,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Weibo during the 4th quarter valued at $70,000. PARUS FINANCE UK Ltd acquired a new position in Weibo during the fourth quarter worth $99,000. Finally, Virtu Financial LLC bought a new position in shares of Weibo in the fourth quarter valued at $117,000. 68.77% of the stock is owned by institutional investors.

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.