Candriam Luxembourg S.C.A. Has $7.32 Million Holdings in 58.com Inc (WUBA)

Share on StockTwits

Candriam Luxembourg S.C.A. cut its stake in 58.com Inc (NYSE:WUBA) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,000 shares of the information services provider’s stock after selling 142,500 shares during the quarter. Candriam Luxembourg S.C.A. owned approximately 0.09% of 58.com worth $7,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WUBA. Standard Life Aberdeen plc raised its position in shares of 58.com by 5,147.6% in the third quarter. Standard Life Aberdeen plc now owns 4,211,183 shares of the information services provider’s stock valued at $309,943,000 after purchasing an additional 4,130,933 shares during the period. Investec Asset Management LTD bought a new position in shares of 58.com in the fourth quarter valued at about $93,068,000. Hillhouse Capital Advisors Ltd. bought a new position in shares of 58.com in the fourth quarter valued at about $80,482,000. Coronation Fund Managers Ltd. raised its position in shares of 58.com by 33.6% in the fourth quarter. Coronation Fund Managers Ltd. now owns 4,188,639 shares of the information services provider’s stock valued at $227,066,000 after purchasing an additional 1,053,030 shares during the period. Finally, Alliancebernstein L.P. bought a new position in shares of 58.com in the third quarter valued at about $47,270,000. 58.55% of the stock is currently owned by institutional investors.

WUBA stock opened at $64.48 on Friday. 58.com Inc has a 52 week low of $50.30 and a 52 week high of $89.90. The stock has a market capitalization of $9.28 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

58.com (NYSE:WUBA) last released its quarterly earnings results on Friday, March 1st. The information services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.18. 58.com had a net margin of 15.11% and a return on equity of 9.30%. The business had revenue of $525.89 million for the quarter, compared to the consensus estimate of $519.09 million. During the same period in the prior year, the company posted $0.57 earnings per share. 58.com’s revenue was up 24.3% compared to the same quarter last year. Research analysts anticipate that 58.com Inc will post 2.12 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of 58.com from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. ValuEngine downgraded shares of 58.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Macquarie downgraded shares of 58.com from an “outperform” rating to a “neutral” rating in a research note on Friday, March 1st. Credit Suisse Group set a $84.00 price target on shares of 58.com and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Morgan Stanley downgraded shares of 58.com to a “sell” rating and set a $40.00 price target on the stock. in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $69.00.

TRADEMARK VIOLATION WARNING: This report was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/4239930/candriam-luxembourg-s-c-a-has-7-32-million-holdings-in-58-com-inc-wuba.html.

About 58.com

58.com Inc operates online classifieds and listing platforms that enable local businesses and consumers to connect, share information, and conduct business in the People's Republic of China. It operates multi-content category online classified platforms primarily under the 58 and Ganji names; and Anjuke, an online real estate listing platform.

Featured Article: What is Considered a Good Return on Equity (ROE)?

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

Receive News & Ratings for 58.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 58.com and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SafeCoin Reaches One Day Trading Volume of $97.00
SafeCoin Reaches One Day Trading Volume of $97.00
Reviewing Emclaire Financial  and Solera National Bancorp
Reviewing Emclaire Financial and Solera National Bancorp
Lisk Trading Up 9.7% Over Last 7 Days
Lisk Trading Up 9.7% Over Last 7 Days
savedroid Trading 17.6% Higher  This Week
savedroid Trading 17.6% Higher This Week
BitCoin One  Price Tops $0.0004 on Exchanges
BitCoin One Price Tops $0.0004 on Exchanges
Tigereum Reaches 24 Hour Trading Volume of $63.00
Tigereum Reaches 24 Hour Trading Volume of $63.00


© 2006-2019 Ticker Report