M.D. Sass Investors Services Inc. Has $11.50 Million Stock Position in 58.com Inc (NYSE:WUBA)

M.D. Sass Investors Services Inc. cut its stake in 58.com Inc (NYSE:WUBA) by 41.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,948 shares of the information services provider’s stock after selling 132,968 shares during the period. 58.com accounts for 2.7% of M.D. Sass Investors Services Inc.’s investment portfolio, making the stock its 19th largest holding. M.D. Sass Investors Services Inc. owned about 0.13% of 58.com worth $11,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in WUBA. SG Americas Securities LLC boosted its stake in shares of 58.com by 113.7% in the 1st quarter. SG Americas Securities LLC now owns 15,807 shares of the information services provider’s stock valued at $1,038,000 after purchasing an additional 8,410 shares during the last quarter. Comerica Bank raised its position in shares of 58.com by 12.7% in the 1st quarter. Comerica Bank now owns 8,214 shares of the information services provider’s stock worth $576,000 after acquiring an additional 928 shares in the last quarter. Parkwood LLC raised its position 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 worth $462,000 after acquiring an additional 760 shares in the last quarter. Matthews International Capital Management LLC lifted its stake in shares of 58.com by 68.6% in the 1st quarter. Matthews International Capital Management LLC now owns 373,200 shares of the information services provider’s stock valued at $24,512,000 after purchasing an additional 151,900 shares during the period. Finally, Krane Funds Advisors LLC lifted its stake in shares of 58.com by 8.6% in the 1st quarter. Krane Funds Advisors LLC now owns 1,236,156 shares of the information services provider’s stock valued at $81,191,000 after purchasing an additional 98,123 shares during the period. 58.75% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on WUBA shares. Credit Suisse Group downgraded 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. Zacks Investment Research downgraded shares of 58.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 3rd. ValuEngine lowered shares of 58.com from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. BOCOM International downgraded shares of 58.com from a “buy” rating to a “neutral” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group began coverage on shares of 58.com in a research report on Monday, August 5th. They set a “buy” rating and a $66.40 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.93.

Shares of WUBA traded up $2.80 during trading hours on Wednesday, reaching $57.97. The stock had a trading volume of 1,265,306 shares, compared to its average volume of 847,994. 58.com Inc has a 12 month low of $49.93 and a 12 month high of $77.13. The firm has a 50-day simple moving average of $54.19 and a 200 day simple moving average of $61.22. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 0.45 and a beta of 1.72.

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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