Hillhouse Capital Management LTD. reduced its position in shares of Uxin Ltd (NASDAQ:UXIN) by 32.1% during the second quarter, Holdings Channel reports. The firm owned 10,725,209 shares of the company’s stock after selling 5,076,760 shares during the period. Uxin makes up 0.8% of Hillhouse Capital Management LTD.’s holdings, making the stock its 21st largest holding. Hillhouse Capital Management LTD.’s holdings in Uxin were worth $23,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sawtooth Solutions LLC lifted its position in shares of Uxin by 75.0% during the first quarter. Sawtooth Solutions LLC now owns 28,000 shares of the company’s stock valued at $106,000 after purchasing an additional 12,000 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Uxin by 4,464.8% during the fourth quarter. Bank of America Corp DE now owns 21,500 shares of the company’s stock valued at $105,000 after purchasing an additional 21,029 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Uxin in the second quarter worth about $55,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Uxin in the second quarter worth about $148,000. Finally, Invesco Ltd. raised its position in Uxin by 57.0% in the second quarter. Invesco Ltd. now owns 199,349 shares of the company’s stock worth $439,000 after acquiring an additional 72,361 shares during the period. 26.03% of the stock is currently owned by institutional investors.
Several analysts have commented on UXIN shares. ValuEngine raised shares of Uxin from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Uxin from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $6.94.
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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