58.com Target of Unusually High Options Trading (WUBA)
58.com Inc. (NYSE:WUBA) saw unusually large options trading on Friday. Traders purchased 19,104 call options on the stock. This represents an increase of 3,872% compared to the typical volume of 481 call options.
Several institutional investors and hedge funds have recently modified their holdings of WUBA. Carmignac Gestion grew its position in shares of 58.com by 1,105.5% in the 3rd 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 during the period. Baillie Gifford & Co. lifted its stake in 58.com by 258.4% in the 3rd quarter. Baillie Gifford & Co. now owns 4,823,568 shares of the information services provider’s stock valued at $304,561,000 after acquiring an additional 3,477,536 shares in the last quarter. Dodge & Cox bought a new stake in 58.com in the 2nd quarter valued at approximately $65,264,000. General Atlantic LLC lifted its stake in 58.com by 22.4% in the 2nd quarter. General Atlantic LLC now owns 7,150,000 shares of the information services provider’s stock valued at $315,387,000 after acquiring an additional 1,310,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in 58.com by 78.4% in the 2nd quarter. Franklin Resources Inc. now owns 2,704,340 shares of the information services provider’s stock valued at $119,289,000 after acquiring an additional 1,188,300 shares in the last quarter. Institutional investors and hedge funds own 60.92% of the company’s stock.
58.com (NYSE:WUBA) opened at $69.25 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.06 and a quick ratio of 1.06. 58.com has a 12-month low of $27.58 and a 12-month high of $79.79. The stock has a market capitalization of $10,145.82, a P/E ratio of 93.58 and a beta of 2.15.
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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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