58.com Inc (NYSE:WUBA) is Dragoneer Investment Group LLC’s 6th Largest Position

Share on StockTwits

Dragoneer Investment Group LLC raised its holdings in 58.com Inc (NYSE:WUBA) by 24.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,662,945 shares of the information services provider’s stock after acquiring an additional 328,751 shares during the period. 58.com makes up approximately 4.1% of Dragoneer Investment Group LLC’s portfolio, making the stock its 6th biggest position. Dragoneer Investment Group LLC’s holdings in 58.com were worth $103,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Genesis Asset Managers LLP grew its holdings in 58.com by 1.6% in the 2nd quarter. Genesis Asset Managers LLP now owns 7,971,754 shares of the information services provider’s stock valued at $495,604,000 after buying an additional 122,911 shares during the period. BlackRock Inc. grew its holdings in shares of 58.com by 3.6% during the 1st quarter. BlackRock Inc. now owns 5,318,178 shares of the information services provider’s stock worth $349,299,000 after purchasing an additional 184,374 shares during the period. Vanguard Group Inc. grew its holdings in shares of 58.com by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,533,666 shares of the information services provider’s stock worth $219,688,000 after purchasing an additional 49,355 shares during the period. Ward Ferry Management BVI Ltd grew its holdings in shares of 58.com by 24.6% during the 2nd quarter. Ward Ferry Management BVI Ltd now owns 1,224,730 shares of the information services provider’s stock worth $76,141,000 after purchasing an additional 241,700 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of 58.com by 19.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,213,061 shares of the information services provider’s stock worth $79,673,000 after purchasing an additional 200,518 shares during the period. Institutional investors own 58.75% of the company’s stock.

A number of analysts have recently issued reports on the company. BOCOM International cut 58.com from a “buy” rating to a “neutral” rating in a report on Friday, August 23rd. ValuEngine cut 58.com from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Jefferies Financial Group assumed coverage on 58.com in a research report on Monday, August 5th. They set a “buy” rating and a $66.40 price target on the stock. Zacks Investment Research lowered 58.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Credit Suisse Group lowered 58.com from an “outperform” rating to a “neutral” rating and set a $57.23 price target on the stock. in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. 58.com currently has an average rating of “Hold” and an average target price of $62.93.

Shares of WUBA traded up $0.31 during trading on Thursday, reaching $56.61. The company’s stock had a trading volume of 12,200 shares, compared to its average volume of 968,129. The company has a fifty day moving average of $53.86 and a two-hundred day moving average of $60.69. 58.com Inc has a twelve month low of $49.93 and a twelve month high of $77.13. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 0.47 and a beta of 1.72. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01.

58.com (NYSE:WUBA) last announced its earnings results on Wednesday, August 21st. The information services provider reported $4.04 earnings per share (EPS) for the quarter. 58.com had a return on equity of 25.35% and a net margin of 41.67%. The company had revenue of $601.44 million for the quarter. As a group, equities analysts forecast that 58.com Inc will post 5.84 EPS for the current fiscal year.

About 58.com

58.com Inc operates various multi-category online classifieds platforms and vertical 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; Anjuke, an online real estate listing platform; ChinaHR, an online recruitment platform that focuses on white collar jobs; and Jia Xiao Yi Dian Tong, an online platform for driver's license examination preparation and other related services.

Further Reading: Mutual Funds

Want to see what other hedge funds are holding WUBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 58.com Inc (NYSE:WUBA).

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

Receive News & Ratings for 58.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 58.com and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.