Legal & General Group Plc lifted its holdings in 58.com Inc. (NYSE:WUBA) by 61.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,871 shares of the information services provider’s stock after acquiring an additional 101,913 shares during the period. Legal & General Group Plc owned 0.18% of 58.com worth $16,914,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. FMR LLC raised its position in 58.com by 0.4% in the 2nd quarter. FMR LLC now owns 12,096,506 shares of the information services provider’s stock worth $533,576,000 after purchasing an additional 49,970 shares during the period. General Atlantic LLC increased its position in shares of 58.com by 22.4% during the second quarter. General Atlantic LLC now owns 7,150,000 shares of the information services provider’s stock worth $315,387,000 after acquiring an additional 1,310,000 shares during the period. FIL Ltd increased its position in shares of 58.com by 4.7% during the second quarter. FIL Ltd now owns 5,397,823 shares of the information services provider’s stock worth $238,098,000 after acquiring an additional 240,292 shares during the period. Baillie Gifford & Co. increased its position in shares of 58.com by 258.4% during the third quarter. Baillie Gifford & Co. now owns 4,823,568 shares of the information services provider’s stock worth $304,561,000 after acquiring an additional 3,477,536 shares during the period. Finally, BlackRock Inc. increased its position in shares of 58.com by 7.3% during the second quarter. BlackRock Inc. now owns 4,299,458 shares of the information services provider’s stock worth $189,648,000 after acquiring an additional 291,891 shares during the period. 60.92% of the stock is owned by hedge funds and other institutional investors.

58.com Inc. (WUBA) traded down $0.80 during trading hours on Monday, hitting $69.48. 1,088,000 shares of the stock traded hands, compared to its average volume of 1,309,609. 58.com Inc. has a 1-year low of $27.58 and a 1-year high of $79.79. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $10,179.51, a P/E ratio of 93.89 and a beta of 2.15.

A number of brokerages have recently commented on WUBA. Zacks Investment Research raised shares of 58.com from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Thursday, November 16th. TheStreet upgraded shares of 58.com from a “c+” rating to a “b-” rating in a research note on Friday, November 10th. BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Citigroup upgraded shares of 58.com from a “neutral” rating to a “buy” rating and increased their price objective for the company from $62.00 to $68.00 in a research note on Wednesday, August 23rd. Finally, Deutsche Bank upgraded shares of 58.com from a “hold” rating to a “buy” rating and raised their target price for the company from $41.00 to $70.00 in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. 58.com presently has an average rating of “Hold” and an average price target of $55.50.

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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.

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

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