58.com Inc (NYSE:WUBA) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in 58.com Inc (NYSE:WUBA) by 37.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,662 shares of the information services provider’s stock after acquiring an additional 5,855 shares during the period. SG Americas Securities LLC’s holdings in 58.com were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WUBA. DekaBank Deutsche Girozentrale increased its holdings in shares of 58.com by 10.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 3,833 shares of the information services provider’s stock valued at $2,325,000 after purchasing an additional 375 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of 58.com by 6.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 7,185 shares of the information services provider’s stock valued at $472,000 after buying an additional 405 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of 58.com by 1.4% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,600 shares of the information services provider’s stock valued at $2,864,000 after buying an additional 600 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of 58.com by 61.1% in the 1st quarter. Quadrant Capital Group LLC now owns 1,923 shares of the information services provider’s stock valued at $124,000 after buying an additional 729 shares during the period. Finally, Parkwood LLC lifted its holdings in shares of 58.com by 12.1% in the 1st quarter. Parkwood LLC now owns 7,027 shares of the information services provider’s stock valued at $462,000 after buying an additional 760 shares during the period. Institutional investors and hedge funds own 58.75% of the company’s stock.

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

Shares of NYSE:WUBA traded up $0.17 during trading on Tuesday, reaching $55.17. 647,769 shares of the company’s stock traded hands, compared to its average volume of 861,797. The firm has a market cap of $7.96 billion, a PE ratio of 28.44, a P/E/G ratio of 0.44 and a beta of 1.72. 58.com Inc has a fifty-two week low of $49.93 and a fifty-two week high of $77.13. The company has a 50-day simple moving average of $54.19 and a 200-day simple moving average of $61.22. 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 Profile

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

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