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

Shares of Weibo Co. (NASDAQ:WB) fell 4.3% during mid-day trading on Thursday . The company traded as low as $10.16 and last traded at $10.25. 384,277 shares changed hands during trading, a decline of 78% from the average session volume of 1,770,794 shares. The stock had previously closed at $10.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WB shares. Benchmark reissued a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Weibo has an average rating of “Hold” and an average price target of $10.03.

Weibo Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The firm has a market capitalization of $2.48 billion, a P/E ratio of 6.99 and a beta of 0.27. The firm has a 50-day moving average of $10.28 and a 200-day moving average of $9.55.

Weibo Dividend Announcement

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

Institutional Trading of Weibo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new position in Weibo in the 4th quarter worth about $1,359,000. Public Employees Retirement System of Ohio raised its stake in Weibo by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 377,609 shares of the information services provider’s stock worth $3,606,000 after purchasing an additional 10,933 shares during the period. Vise Technologies Inc. purchased a new stake in Weibo in the fourth quarter valued at $214,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Weibo by 3.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,710 shares of the information services provider’s stock valued at $2,786,000 after acquiring an additional 9,511 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Weibo in the fourth quarter valued at approximately $6,853,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

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.