Davis Selected Advisers boosted its position in shares of 58.com Inc. (NYSE:WUBA) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,526 shares of the company’s stock after buying an additional 3,440 shares during the period. Davis Selected Advisers’ holdings in 58.com were worth $743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in shares of 58.com during the third quarter worth $119,000. Howard Hughes Medical Institute raised its position in shares of 58.com by 18.6% in the third quarter. Howard Hughes Medical Institute now owns 5,181 shares of the company’s stock worth $247,000 after buying an additional 811 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of 58.com during the third quarter worth $307,000. Russell Investments Group Ltd. purchased a new position in shares of 58.com during the fourth quarter worth $320,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of 58.com by 9.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,950 shares of the company’s stock worth $331,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.

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

58.com Inc. (NYSE:WUBA) traded down 3.13% on Thursday, reaching $33.70. The company had a trading volume of 2,393,359 shares. 58.com Inc. has a 1-year low of $27.58 and a 1-year high of $61.59. The firm’s market capitalization is $4.88 billion. The company’s 50-day moving average price is $29.85 and its 200 day moving average price is $39.34.

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A number of research analysts have recently weighed in on WUBA shares. Brean Capital restated a “hold” rating on shares of 58.com in a research report on Tuesday, November 29th. Deutsche Bank AG lowered 58.com from a “buy” rating to a “hold” rating and dropped their price target for the stock from $56.00 to $36.00 in a research report on Wednesday, December 14th. Zacks Investment Research upgraded 58.com from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. HSBC Holdings plc lowered 58.com from a “buy” rating to a “hold” rating and dropped their price target for the stock from $66.00 to $37.00 in a research report on Tuesday, November 15th. Finally, Credit Suisse Group lowered 58.com from an “outperform” rating to a “neutral” rating in a research report on Friday, November 11th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.80.

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.

5 Day Chart for NYSE:WUBA

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