Virtu Financial LLC purchased a new position in shares of 58.com Inc (NYSE:WUBA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,870 shares of the information services provider’s stock, valued at approximately $264,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Handelsinvest Investeringsforvaltning boosted its holdings in 58.com by 3,224.6% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 16,623 shares of the information services provider’s stock worth $1,224,000 after acquiring an additional 16,123 shares during the last quarter. Vanguard Group Inc raised its stake in shares of 58.com by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 3,297,862 shares of the information services provider’s stock worth $242,722,000 after purchasing an additional 81,497 shares during the period. Mackenzie Financial Corp raised its stake in shares of 58.com by 24.2% during the 3rd quarter. Mackenzie Financial Corp now owns 7,700 shares of the information services provider’s stock worth $567,000 after purchasing an additional 1,500 shares during the period. Vanguard Group Inc. raised its stake in 58.com by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,297,862 shares of the information services provider’s stock valued at $242,722,000 after acquiring an additional 81,497 shares during the period. Finally, Janus Henderson Group PLC raised its stake in 58.com by 26.5% in the 3rd quarter. Janus Henderson Group PLC now owns 947,335 shares of the information services provider’s stock valued at $69,719,000 after acquiring an additional 198,637 shares during the period. Hedge funds and other institutional investors own 60.90% of the company’s stock.
A number of brokerages recently issued reports on WUBA. Zacks Investment Research cut 58.com from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Benchmark lowered their price objective on 58.com from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. ValuEngine cut 58.com from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Finally, Morgan Stanley cut 58.com to a “sell” rating and set a $40.00 price target on the stock. in a research report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.80.
58.com (NYSE:WUBA) last posted its quarterly earnings data on Wednesday, November 14th. The information services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. The business had revenue of $527.20 million during the quarter, compared to the consensus estimate of $515.83 million. 58.com had a return on equity of 9.57% and a net margin of 16.13%. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, research analysts forecast that 58.com Inc will post 2.02 EPS for the current fiscal year.
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58.com Inc operates online classifieds and listing platforms that enable local businesses and consumers to connect, share information, and conduct business in the People's Republic of China. It operates multi-content category online classified platforms primarily under the 58 and Ganji names; and Anjuke, an online real estate listing platform.
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