New York State Common Retirement Fund Has $3.84 Million Position in 58.com Inc. (WUBA)

January 12th, 20187:50 am @

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New York State Common Retirement Fund cut its position in 58.com Inc. (NYSE:WUBA) by 34.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,742 shares of the information services provider’s stock after selling 32,350 shares during the quarter. New York State Common Retirement Fund’s holdings in 58.com were worth $3,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WUBA. AJO LP bought a new position in 58.com during the 2nd quarter valued at $201,000. Fox Run Management L.L.C. bought a new position in 58.com during the 3rd quarter valued at $202,000. Profund Advisors LLC boosted its stake in 58.com by 24.7% during the 2nd quarter. Profund Advisors LLC now owns 7,526 shares of the information services provider’s stock valued at $332,000 after acquiring an additional 1,491 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in 58.com during the 3rd quarter valued at $335,000. Finally, Voya Investment Management LLC boosted its stake in 58.com by 16.5% during the 2nd quarter. Voya Investment Management LLC now owns 12,543 shares of the information services provider’s stock valued at $553,000 after acquiring an additional 1,775 shares during the last quarter. Institutional investors and hedge funds own 60.60% of the company’s stock.

A number of research analysts have commented on WUBA shares. Zacks Investment Research downgraded shares of 58.com from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 16th. BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, TheStreet upgraded shares of 58.com from a “c+” rating to a “b-” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.50.

Shares of 58.com Inc. (WUBA) opened at $81.87 on Friday. The firm has a market cap of $11,960.00, a price-to-earnings ratio of 106.32 and a beta of 2.15. 58.com Inc. has a twelve month low of $27.58 and a twelve month high of $85.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05.

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58.com Profile

58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.




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Article source: https://weekherald.com/2018/01/12/58-com-inc-wuba-shares-sold-by-new-york-state-common-retirement-fund.html