Tsinghua Unigroup International Company ., Ltd.

recently disclosed that they own a 36.6% stake in 500.com Ltd (NYSE:WBAI) in a Schedule 13D/A disclosure that was filed with the SEC on Friday, December 15th. The investor owns 122,161,010 shares of the stock valued at approximately $1,225,274,930. The reporting parties listed on the disclosure included Tsinghua Unigroup International Co, Ltd, Tsinghua Unigroup Capital Management Co, Ltd, Tsinghua Unigroup Co, Ltd and Zhao Weiguo. The disclosure is available through the SEC website at this link.

Several other large investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of 500.com during the 3rd quarter worth approximately $181,000. PEAK6 Investments L.P. bought a new position in shares of 500.com during the 3rd quarter worth approximately $117,000. Dimensional Fund Advisors LP raised its stake in shares of 500.com by 42.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 308,192 shares of the company’s stock worth $3,357,000 after acquiring an additional 91,411 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of 500.com during the 2nd quarter worth approximately $151,000. Finally, Capital Fund Management S.A. bought a new position in shares of 500.com during the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

Separately, BidaskClub upgraded shares of 500.com from a “sell” rating to a “hold” rating in a research note on Saturday, September 2nd.

500.com Ltd (NYSE WBAI) traded down $0.19 during midday trading on Friday, hitting $10.03. 203,800 shares of the company traded hands, compared to its average volume of 212,126. 500.com Ltd has a 1 year low of $8.12 and a 1 year high of $15.70.

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500.com Company Profile

500.com Limited is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers.

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

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