4,870 Shares in 58.com Inc (NYSE:WUBA) Purchased by Virtu Financial LLC

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.

Shares of NYSE WUBA opened at $68.51 on Thursday. The stock has a market cap of $10.04 billion, a PE ratio of 51.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.69. 58.com Inc has a 12 month low of $50.30 and a 12 month high of $89.90.

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 Profile

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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Institutional Ownership by Quarter for 58.com (NYSE:WUBA)

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