Penserra Capital Management LLC Acquires Shares of 7,173 500.com Ltd (NYSE:WBAI)

Penserra Capital Management LLC bought a new position in shares of 500.com Ltd (NYSE:WBAI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,173 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of 500.com by 27.9% in the 3rd quarter. State Street Corp now owns 88,284 shares of the company’s stock valued at $941,000 after purchasing an additional 19,276 shares in the last quarter. Morgan Stanley boosted its stake in shares of 500.com by 1.0% during the 2nd quarter. Morgan Stanley now owns 236,121 shares of the company’s stock valued at $2,510,000 after buying an additional 2,381 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 500.com by 23.8% during the 2nd quarter. BlackRock Inc. now owns 321,182 shares of the company’s stock valued at $3,414,000 after buying an additional 61,734 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of 500.com by 25.2% during the second quarter. Northern Trust Corp now owns 21,039 shares of the company’s stock worth $223,000 after buying an additional 4,231 shares in the last quarter. 10.46% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine lowered shares of 500.com from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th.

WBAI stock opened at $9.31 on Wednesday. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $10.00. 500.com Ltd has a 1 year low of $6.77 and a 1 year high of $15.88.

500.com Company Profile

500.com Limited, through its subsidiaries, provides online gaming services primarily in the People's Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto.net in Curacao, Malta, the United Kingdom, and Ireland, as well as provides users with various casino services, including online slot machines and online table games.

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Institutional Ownership by Quarter for 500.com (NYSE:WBAI)

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