Natixis Advisors L.P. increased its position in shares of 58.com Inc (NYSE:WUBA) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,836 shares of the information services provider’s stock after purchasing an additional 14,945 shares during the quarter. Natixis Advisors L.P.’s holdings in 58.com were worth $4,132,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in shares of 58.com in the fourth quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in 58.com during the 4th quarter valued at $65,000. Virtu Financial LLC purchased a new stake in 58.com during the 4th quarter valued at $238,000. Crossmark Global Holdings Inc. purchased a new stake in 58.com during the 4th quarter valued at $242,000. Finally, DekaBank Deutsche Girozentrale boosted its position in 58.com by 7.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 4,101 shares of the information services provider’s stock valued at $271,000 after buying an additional 268 shares during the period. Hedge funds and other institutional investors own 62.00% of the company’s stock.
NYSE WUBA traded up $0.16 during trading on Friday, hitting $55.17. The company had a trading volume of 912,767 shares, compared to its average volume of 849,399. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.01. 58.com Inc has a one year low of $47.19 and a one year high of $74.15. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.91 and a beta of 1.66. The company’s fifty day moving average is $61.41 and its 200-day moving average is $57.40.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of 58.com from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Friday. TheStreet upgraded shares of 58.com from a “c+” rating to a “b-” rating in a report on Friday, November 15th. Finally, ValuEngine upgraded shares of 58.com from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $67.41.
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.
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