Nationwide Fund Advisors Invests $1 Million in 58.com Inc. (WUBA) Stock

Nationwide Fund Advisors purchased a new position in 58.com Inc. (NYSE:WUBA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,890 shares of the information services provider’s stock, valued at approximately $1,003,000.

Several other institutional investors have also made changes to their positions in WUBA. FMR LLC boosted its position in 58.com by 0.4% during the 2nd quarter. FMR LLC now owns 12,096,506 shares of the information services provider’s stock valued at $533,576,000 after buying an additional 49,970 shares during the period. General Atlantic LLC boosted its position 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 buying an additional 1,310,000 shares during the period. FIL Ltd boosted its position in 58.com by 4.7% during the 2nd quarter. FIL Ltd now owns 5,397,823 shares of the information services provider’s stock valued at $238,098,000 after buying an additional 240,292 shares during the period. BlackRock Inc. boosted its position in 58.com by 7.3% during the 2nd quarter. BlackRock Inc. now owns 4,299,458 shares of the information services provider’s stock valued at $189,648,000 after buying an additional 291,891 shares during the period. Finally, Franklin Resources Inc. boosted its position in 58.com by 78.4% during the 2nd quarter. Franklin Resources Inc. now owns 2,704,340 shares of the information services provider’s stock valued at $119,289,000 after buying an additional 1,188,300 shares during the period. 60.60% of the stock is owned by institutional investors.

Shares of 58.com Inc. (NYSE WUBA) opened at $81.98 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $11,930.00, a PE ratio of 106.47 and a beta of 2.15. 58.com Inc. has a 1-year low of $27.58 and a 1-year high of $85.04.

WUBA has been the subject of several research reports. TheStreet lowered shares of 58.com from a “b-” rating to a “c+” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of 58.com from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, BidaskClub lowered shares of 58.com from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. 58.com has a consensus rating of “Hold” and a consensus price target of $55.50.

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About 58.com

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.

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

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