Fox Run Management L.L.C. purchased a new stake in shares of 58.com Inc. (NYSE:WUBA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,200 shares of the information services provider’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of 58.com by 0.7% during the second quarter. Wells Fargo & Company MN now owns 14,881 shares of the information services provider’s stock valued at $656,000 after buying an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of 58.com by 0.4% during the second quarter. Parametric Portfolio Associates LLC now owns 52,492 shares of the information services provider’s stock valued at $2,315,000 after buying an additional 188 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of 58.com by 6.7% during the second quarter. Teacher Retirement System of Texas now owns 7,225 shares of the information services provider’s stock valued at $319,000 after buying an additional 453 shares during the last quarter. Aviva PLC raised its holdings in shares of 58.com by 3.4% during the second quarter. Aviva PLC now owns 15,300 shares of the information services provider’s stock valued at $675,000 after buying an additional 500 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of 58.com by 15.8% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,050 shares of the information services provider’s stock valued at $355,000 after buying an additional 1,100 shares during the last quarter. 61.49% of the stock is currently owned by institutional investors.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised 58.com from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub cut 58.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Citigroup Inc. raised 58.com from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $68.00 in a report on Wednesday, August 23rd. Deutsche Bank AG raised 58.com from a “hold” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $70.00 in a report on Tuesday, August 22nd. Finally, HSBC Holdings plc raised 58.com from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $69.00 in a report on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. 58.com presently has a consensus rating of “Hold” and an average price target of $55.27.

58.com Inc. (NYSE:WUBA) opened at $68.23 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $9,941.25, a P/E ratio of 401.71 and a beta of 2.15. 58.com Inc. has a 12-month low of $27.58 and a 12-month high of $69.80.

58.com (NYSE:WUBA) last posted its quarterly earnings results on Monday, August 21st. The information services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.42. The firm had revenue of $382.81 million for the quarter. 58.com had a net margin of 2.14% and a return on equity of 1.04%. equities analysts forecast that 58.com Inc. will post 0.69 EPS for the current year.

About 58.com

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

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