DGS Capital Management LLC Grows Position in Weibo Co. (NASDAQ:WB)

DGS Capital Management LLC lifted its holdings in shares of Weibo Co. (NASDAQ:WB) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,121 shares of the information services provider’s stock after purchasing an additional 6,850 shares during the quarter. DGS Capital Management LLC’s holdings in Weibo were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WB. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Weibo by 13.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,584 shares of the information services provider’s stock valued at $2,229,000 after acquiring an additional 24,000 shares during the period. SG Americas Securities LLC boosted its holdings in Weibo by 212.9% during the 4th quarter. SG Americas Securities LLC now owns 48,588 shares of the information services provider’s stock valued at $532,000 after acquiring an additional 33,059 shares during the period. American Century Companies Inc. boosted its holdings in Weibo by 8.7% during the 3rd quarter. American Century Companies Inc. now owns 223,062 shares of the information services provider’s stock valued at $2,797,000 after acquiring an additional 17,940 shares during the period. Deutsche Bank AG boosted its holdings in Weibo by 2.1% during the 3rd quarter. Deutsche Bank AG now owns 158,145 shares of the information services provider’s stock valued at $1,983,000 after acquiring an additional 3,267 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in Weibo by 13.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 28,103 shares of the information services provider’s stock valued at $352,000 after acquiring an additional 3,400 shares during the period. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Price Performance

WB stock opened at $7.70 on Wednesday. The firm has a 50 day moving average of $9.08 and a 200-day moving average of $10.13. Weibo Co. has a 12-month low of $7.58 and a 12-month high of $18.10. The company has a current ratio of 2.51, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 1.16 and a beta of 0.44.

Weibo (NASDAQ:WB) last issued its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.14). Weibo had a return on equity of 10.77% and a net margin of 19.47%. The company had revenue of $463.67 million for the quarter, compared to analyst estimates of $452.30 million. As a group, equities analysts expect that Weibo Co. will post 1.64 EPS for the current fiscal year.

Weibo Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, May 13th. Investors of record on Friday, April 12th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, April 11th.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WB shares. StockNews.com cut Weibo from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Bank of America lowered Weibo from a “buy” rating to an “underperform” rating and cut their target price for the stock from $19.50 to $10.00 in a research report on Thursday, January 11th. UBS Group raised Weibo from a “neutral” rating to a “buy” rating and cut their target price for the stock from $12.90 to $11.50 in a research report on Tuesday, March 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $10.60 target price on shares of Weibo in a research report on Thursday, March 28th. Finally, HSBC cut their target price on Weibo from $13.60 to $9.80 and set a “hold” rating on the stock in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Weibo currently has an average rating of “Hold” and an average price target of $11.98.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.