BlackRock Inc. Has $278.30 Million Holdings in 58.com Inc (WUBA)

BlackRock Inc. raised its position in shares of 58.com Inc (NYSE:WUBA) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,133,804 shares of the information services provider’s stock after purchasing an additional 240,196 shares during the period. BlackRock Inc. owned 3.50% of 58.com worth $278,304,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Parkwood LLC boosted its stake in 58.com by 14.2% during the 4th quarter. Parkwood LLC now owns 6,267 shares of the information services provider’s stock valued at $340,000 after purchasing an additional 778 shares during the period. SG Americas Securities LLC lifted its stake in shares of 58.com by 5.8% in the 3rd quarter. SG Americas Securities LLC now owns 15,657 shares of the information services provider’s stock worth $1,152,000 after acquiring an additional 852 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of 58.com by 433.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the information services provider’s stock worth $64,000 after acquiring an additional 970 shares during the period. Mackenzie Financial Corp lifted its stake in shares of 58.com by 24.2% in the 3rd quarter. Mackenzie Financial Corp now owns 7,700 shares of the information services provider’s stock worth $567,000 after acquiring an additional 1,500 shares during the period. Finally, American International Group Inc. acquired a new stake in shares of 58.com in the 3rd quarter worth approximately $118,000. 59.12% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on WUBA shares. Zacks Investment Research raised shares of 58.com from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. Credit Suisse Group set a $84.00 price target on shares of 58.com and gave the stock a “buy” rating in a research note on Friday, March 1st. ValuEngine lowered shares of 58.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Benchmark reduced their price target on shares of 58.com from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Finally, Morgan Stanley lowered shares of 58.com to a “sell” rating and set a $40.00 price target for the company. in a research note on Thursday, December 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. 58.com currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Shares of NYSE:WUBA opened at $60.68 on Friday. The company has a market capitalization of $8.90 billion, a PE ratio of 31.28, a P/E/G ratio of 0.89 and a beta of 1.62. 58.com Inc has a twelve month low of $50.30 and a twelve month high of $89.90.

58.com (NYSE:WUBA) last released its earnings results on Friday, March 1st. The information services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.56 by $0.18. 58.com had a net margin of 15.11% and a return on equity of 9.30%. The business had revenue of $525.89 million during the quarter, compared to analyst estimates of $519.09 million. During the same period in the prior year, the business earned $0.57 earnings per share. The business’s quarterly revenue was up 24.3% on a year-over-year basis. Research analysts anticipate that 58.com Inc will post 2.12 earnings per share for the current 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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