State of Wisconsin Investment Board lifted its position in 58.com Inc. (NYSE:WUBA) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,427 shares of the information services provider’s stock after acquiring an additional 996 shares during the period. State of Wisconsin Investment Board owned 0.05% of 58.com worth $4,826,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in 58.com by 5,138.7% during the 1st quarter. BlackRock Inc. now owns 4,007,567 shares of the information services provider’s stock valued at $141,828,000 after buying an additional 3,931,068 shares in the last quarter. Baillie Gifford & Co. boosted its stake in 58.com by 258.4% during the 3rd quarter. Baillie Gifford & Co. now owns 4,823,568 shares of the information services provider’s stock valued at $304,561,000 after purchasing an additional 3,477,536 shares during the last quarter. Dodge & Cox purchased a new stake in 58.com during the 2nd quarter valued at $65,264,000. General Atlantic LLC boosted its stake in 58.com by 22.4% during the 2nd quarter. General Atlantic LLC now owns 7,150,000 shares of the information services provider’s stock valued at $315,387,000 after purchasing an additional 1,310,000 shares during the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in 58.com by 42.3% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 4,391,885 shares of the information services provider’s stock valued at $193,726,000 after purchasing an additional 1,304,456 shares during the last quarter. 59.77% of the stock is owned by hedge funds and other institutional investors.

WUBA has been the topic of several analyst reports. Citigroup Inc. upgraded 58.com from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $68.00 in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded 58.com from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research report on Thursday, August 31st. upgraded 58.com from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $69.00 in a research report on Tuesday, August 22nd. Deutsche Bank AG upgraded 58.com from a “hold” rating to a “buy” rating and lifted their target price for the company from $41.00 to $70.00 in a research report on Tuesday, August 22nd. Finally, BidaskClub downgraded 58.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.50.

Shares of 58.com Inc. (WUBA) opened at $75.90 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $11,140.00, a PE ratio of 101.08 and a beta of 2.15. 58.com Inc. has a twelve month low of $27.58 and a twelve month high of $77.92.

58.com (NYSE:WUBA) last posted its quarterly earnings results on Monday, August 21st. The information services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.42. The business had revenue of $382.81 million for the quarter. 58.com had a return on equity of 4.08% and a net margin of 7.93%. equities research analysts predict that 58.com Inc. will post 1.03 EPS for the current year.

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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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