58.com Inc (WUBA) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. trimmed its holdings in 58.com Inc (NYSE:WUBA) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 34,082 shares of the information services provider’s stock after selling 2,000 shares during the quarter. APG Asset Management N.V.’s holdings in 58.com were worth $2,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Carmignac Gestion boosted its holdings in 58.com by 1,105.5% in the third quarter. Carmignac Gestion now owns 5,172,323 shares of the information services provider’s stock valued at $326,580,000 after purchasing an additional 4,743,260 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in 58.com by 258.4% in the third quarter. Baillie Gifford & Co. now owns 4,823,568 shares of the information services provider’s stock valued at $304,561,000 after purchasing an additional 3,477,536 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in 58.com by 56.0% in the fourth quarter. Acadian Asset Management LLC now owns 1,724,425 shares of the information services provider’s stock valued at $123,416,000 after purchasing an additional 618,807 shares in the last quarter. Northern Trust Corp boosted its holdings in 58.com by 10.9% in the second quarter. Northern Trust Corp now owns 533,186 shares of the information services provider’s stock valued at $23,518,000 after purchasing an additional 52,310 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 58.com by 10.1% in the third quarter. Dimensional Fund Advisors LP now owns 486,805 shares of the information services provider’s stock valued at $30,723,000 after purchasing an additional 44,778 shares in the last quarter. 60.83% of the stock is owned by hedge funds and other institutional investors.

Shares of 58.com Inc (NYSE WUBA) opened at $70.59 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.05. 58.com Inc has a 52 week low of $28.13 and a 52 week high of $87.65. The firm has a market capitalization of $10,280.00, a P/E ratio of 88.24 and a beta of 2.12.

58.com (NYSE:WUBA) last issued its quarterly earnings data on Sunday, November 12th. The information services provider reported $0.36 earnings per share for the quarter. 58.com had a return on equity of 4.08% and a net margin of 7.93%. equities research analysts expect that 58.com Inc will post 1.03 EPS for the current year.

A number of equities analysts recently issued reports on the company. TheStreet downgraded 58.com from a “b-” rating to a “c+” rating in a report on Friday, December 22nd. BidaskClub downgraded 58.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research downgraded 58.com from a “strong-buy” rating to a “sell” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. 58.com has a consensus rating of “Hold” and a consensus target price of $56.60.

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

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