Myriad Asset Management Ltd. purchased a new stake in Uxin Ltd (NASDAQ:UXIN) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 5,512,900 shares of the company’s stock, valued at approximately $20,893,000. Uxin makes up 1.9% of Myriad Asset Management Ltd.’s investment portfolio, making the stock its 14th largest holding.
Several other institutional investors have also recently bought and sold shares of UXIN. Hillhouse Capital Management Ltd. lifted its stake in shares of Uxin by 995.3% in the 4th quarter. Hillhouse Capital Management Ltd. now owns 22,250,160 shares of the company’s stock worth $108,136,000 after acquiring an additional 20,218,735 shares during the period. Baillie Gifford & Co. raised its position in Uxin by 402.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,248,400 shares of the company’s stock worth $6,067,000 after acquiring an additional 1,000,000 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Uxin during the fourth quarter worth about $2,071,000. New Silk Road Investment PTE Ltd. acquired a new position in Uxin during the first quarter worth about $913,000. Finally, BlackRock Inc. raised its position in Uxin by 78.4% during the fourth quarter. BlackRock Inc. now owns 129,527 shares of the company’s stock worth $630,000 after acquiring an additional 56,926 shares during the last quarter. 41.68% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Uxin from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Credit Suisse Group assumed coverage on shares of Uxin in a report on Tuesday, March 12th. They set an “outperform” rating and a $7.70 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Uxin from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research downgraded shares of Uxin from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Uxin presently has a consensus rating of “Buy” and a consensus target price of $7.50.
Uxin (NASDAQ:UXIN) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $165.62 million for the quarter. On average, analysts anticipate that Uxin Ltd will post -0.28 EPS for the current year.
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Uxin Company Profile
Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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