Dimensional Fund Advisors LP Sells 63,652 Shares of 58.com Inc (NYSE:WUBA)

Dimensional Fund Advisors LP lowered its stake in shares of 58.com Inc (NYSE:WUBA) by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,073 shares of the information services provider’s stock after selling 63,652 shares during the period. Dimensional Fund Advisors LP owned 0.18% of 58.com worth $14,380,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of 58.com by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 136,982 shares of the information services provider’s stock valued at $10,083,000 after acquiring an additional 3,791 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of 58.com by 107.1% during the third quarter. Panagora Asset Management Inc. now owns 3,934 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 2,034 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of 58.com by 5,147.6% during the third quarter. Standard Life Aberdeen plc now owns 4,211,183 shares of the information services provider’s stock valued at $309,943,000 after acquiring an additional 4,130,933 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of 58.com during the third quarter valued at approximately $387,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of 58.com by 771.5% during the third quarter. The Manufacturers Life Insurance Company now owns 215,157 shares of the information services provider’s stock valued at $15,836,000 after acquiring an additional 190,469 shares in the last quarter. Institutional investors own 60.24% of the company’s stock.

NYSE:WUBA traded up $0.17 during trading hours on Friday, reaching $65.57. The company’s stock had a trading volume of 660,680 shares, compared to its average volume of 728,197. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. 58.com Inc has a 12 month low of $50.30 and a 12 month high of $89.51.

58.com (NYSE:WUBA) last issued its quarterly earnings data on Thursday, February 28th. The information services provider reported $0.40 EPS for the quarter. The company had revenue of $525.89 million during the quarter, compared to the consensus estimate of $519.09 million. 58.com had a net margin of 15.11% and a return on equity of 9.30%. 58.com’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. As a group, equities analysts anticipate that 58.com Inc will post 2.12 earnings per share for the current fiscal year.

Several research firms have recently weighed in on WUBA. Zacks Investment Research raised shares of 58.com from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 4th. Deutsche Bank began coverage on shares of 58.com in a research note on Wednesday, March 27th. They set a “hold” rating for the company. Benchmark reaffirmed a “buy” rating and set a $83.00 price target (down previously from $85.00) on shares of 58.com in a research note on Monday, March 4th. Credit Suisse Group set a $84.00 price target on shares of 58.com and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Macquarie downgraded shares of 58.com from an “outperform” rating to a “neutral” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. 58.com currently has an average rating of “Hold” and a consensus price target of $69.00.

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58.com Profile

58.com Inc engages in the operation of online classifieds and listing platforms. Its businesses include include Zhuan Zhua, an online used good trading platform; 58 Home, an online home and moving services platform; Che Hao Duo, an online used and new car trading platform which contains Guazi, the used car platform; and Mao Dou, the new car platform.

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

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