58.com Inc. (NYSE:WUBA) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $55.50.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of 58.com from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, October 24th. TheStreet raised shares of 58.com from a “c+” rating to a “b-” rating in a research report on Friday, November 10th. Finally, BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th.
58.com (WUBA) traded down $0.50 during midday trading on Friday, reaching $80.13. 774,349 shares of the company’s stock were exchanged, compared to its average volume of 762,644. 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 stock has a market cap of $11,813.10, a P/E ratio of 108.28 and a beta of 2.15. 58.com has a 1-year low of $27.58 and a 1-year high of $85.04.
Large investors have recently added to or reduced their stakes in the business. Invictus RG purchased a new stake in 58.com during the 3rd quarter worth approximately $167,000. AJO LP purchased a new stake in 58.com during the 2nd quarter worth approximately $201,000. Fox Run Management L.L.C. purchased a new stake in 58.com during the 3rd quarter worth approximately $202,000. AMP Capital Investors Ltd purchased a new stake in 58.com during the 3rd quarter worth approximately $215,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in 58.com during the 3rd quarter worth approximately $280,000. 60.92% of the stock is currently owned by institutional investors.
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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