Hilltop Holdings Inc. Takes $117,000 Position in Uxin Ltd (UXIN)
Hilltop Holdings Inc. acquired a new stake in Uxin Ltd (NASDAQ:UXIN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,900 shares of the company’s stock, valued at approximately $117,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Warburg Pincus LLC acquired a new position in Uxin in the 2nd quarter valued at about $338,088,000. BlackRock Inc. acquired a new position in Uxin in the 2nd quarter valued at about $23,504,000. FMR LLC acquired a new position in Uxin in the 2nd quarter valued at about $21,340,000. Laurion Capital Management LP acquired a new position in Uxin in the 2nd quarter valued at about $10,715,000. Finally, DCM Hybrid RMB Fund International Ltd. acquired a new position in Uxin in the 2nd quarter valued at about $10,111,000. Hedge funds and other institutional investors own 29.41% of the company’s stock.
Several equities analysts have weighed in on the company. Goldman Sachs Group assumed coverage on Uxin in a research report on Thursday, August 16th. They issued a “buy” rating and a $9.70 target price for the company. JPMorgan Chase & Co. assumed coverage on Uxin in a research report on Monday, July 30th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, Morgan Stanley assumed coverage on Uxin in a research report on Monday, July 23rd. They issued an “overweight” rating for the company.
Uxin Company Profile
Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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