A number of other research analysts also recently commented on WUBA. Jefferies Financial Group began coverage on 58.com in a research report on Monday, August 5th. They set a “buy” rating and a $66.40 target price for the company. Zacks Investment Research downgraded 58.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Credit Suisse Group downgraded 58.com from an “outperform” rating to a “neutral” rating and set a $57.23 price target for the company. in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. 58.com has an average rating of “Hold” and an average price target of $62.93.
WUBA stock opened at $54.82 on Monday. 58.com has a 1-year low of $49.93 and a 1-year high of $77.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.94 and a beta of 1.62. The business has a 50 day simple moving average of $56.83 and a two-hundred day simple moving average of $62.67.
58.com (NYSE:WUBA) last posted its quarterly earnings results on Tuesday, May 28th. The information services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.12. The business had revenue of $438.30 million during the quarter, compared to the consensus estimate of $434.43 million. 58.com had a return on equity of 11.48% and a net margin of 18.44%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Sell-side analysts anticipate that 58.com will post 2.54 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Hillhouse Capital Advisors LTD. purchased a new position in 58.com in the second quarter valued at about $146,767,000. Price T Rowe Associates Inc. MD boosted its holdings in 58.com by 40.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,487,953 shares of the information services provider’s stock worth $465,526,000 after acquiring an additional 2,173,736 shares in the last quarter. Investec Asset Management LTD boosted its holdings in 58.com by 57.1% in the first quarter. Investec Asset Management LTD now owns 2,696,505 shares of the information services provider’s stock worth $177,106,000 after acquiring an additional 979,705 shares in the last quarter. Marshall Wace LLP boosted its holdings in 58.com by 407.1% in the first quarter. Marshall Wace LLP now owns 870,838 shares of the information services provider’s stock worth $57,197,000 after acquiring an additional 699,099 shares in the last quarter. Finally, Man Group plc boosted its holdings in 58.com by 388.2% in the second quarter. Man Group plc now owns 758,404 shares of the information services provider’s stock worth $47,150,000 after acquiring an additional 603,045 shares in the last quarter. Hedge funds and other institutional investors own 56.26% of the company’s stock.
58.com Company Profile
58.com Inc operates various multi-category online classifieds platforms and vertical 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; Anjuke, an online real estate listing platform; ChinaHR, an online recruitment platform that focuses on white collar jobs; and Jia Xiao Yi Dian Tong, an online platform for driver’s license examination preparation and other related services.
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