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QQQ   274.78 (-2.79%)
AAPL   113.21 (-2.91%)
MSFT   205.36 (-3.70%)
FB   271.78 (-4.06%)
GOOGL   1,526.52 (-4.53%)
AMZN   3,197.77 (-2.69%)
TSLA   413.16 (-2.71%)
NVDA   516.02 (-3.70%)
BABA   308.80 (-2.63%)
CGC   18.89 (+1.23%)
GE   7.82 (+10.14%)
MU   50.29 (-3.21%)
AMD   77.16 (-2.18%)
T   26.78 (-0.52%)
F   7.79 (-1.64%)
ACB   4.02 (+0.50%)
GILD   58.63 (-2.30%)
NFLX   489.20 (+0.06%)
NIO   27.47 (-3.41%)
BA   151.88 (-2.16%)
DIS   120.09 (-2.61%)
QQQ   274.78 (-2.79%)
AAPL   113.21 (-2.91%)
MSFT   205.36 (-3.70%)
FB   271.78 (-4.06%)
GOOGL   1,526.52 (-4.53%)
AMZN   3,197.77 (-2.69%)
TSLA   413.16 (-2.71%)
NVDA   516.02 (-3.70%)
BABA   308.80 (-2.63%)
CGC   18.89 (+1.23%)
GE   7.82 (+10.14%)
MU   50.29 (-3.21%)
AMD   77.16 (-2.18%)
T   26.78 (-0.52%)
F   7.79 (-1.64%)
ACB   4.02 (+0.50%)
GILD   58.63 (-2.30%)
NFLX   489.20 (+0.06%)
NIO   27.47 (-3.41%)
BA   151.88 (-2.16%)
DIS   120.09 (-2.61%)
QQQ   274.78 (-2.79%)
AAPL   113.21 (-2.91%)
MSFT   205.36 (-3.70%)
FB   271.78 (-4.06%)
GOOGL   1,526.52 (-4.53%)
AMZN   3,197.77 (-2.69%)
TSLA   413.16 (-2.71%)
NVDA   516.02 (-3.70%)
BABA   308.80 (-2.63%)
CGC   18.89 (+1.23%)
GE   7.82 (+10.14%)
MU   50.29 (-3.21%)
AMD   77.16 (-2.18%)
T   26.78 (-0.52%)
F   7.79 (-1.64%)
ACB   4.02 (+0.50%)
GILD   58.63 (-2.30%)
NFLX   489.20 (+0.06%)
NIO   27.47 (-3.41%)
BA   151.88 (-2.16%)
DIS   120.09 (-2.61%)
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58.com Inc (NYSE:WUBA) Given Average Rating of "Hold" by Analysts

Saturday, October 17, 2020 | MarketBeat

Shares of 58.com Inc (NYSE:WUBA) have received a consensus recommendation of "Hold" from the nine brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $59.80.

Several research analysts have recently weighed in on WUBA shares. ValuEngine upgraded shares of 58.com from a "strong sell" rating to a "sell" rating in a report on Monday, August 3rd. New Street Research downgraded shares of 58.com from a "buy" rating to a "neutral" rating and set a $56.00 target price for the company. in a research report on Monday, June 29th.

NYSE:WUBA opened at $55.88 on Friday. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The company's 50-day moving average is $55.80 and its two-hundred day moving average is $53.57. 58.com has a 12-month low of $37.92 and a 12-month high of $69.89.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in 58.com by 65.8% during the second quarter. PNC Financial Services Group Inc. now owns 597 shares of the information services provider's stock worth $32,000 after acquiring an additional 237 shares during the period. Handelsbanken Fonder AB raised its stake in 58.com by 6.6% during the second quarter. Handelsbanken Fonder AB now owns 174,444 shares of the information services provider's stock worth $9,410,000 after acquiring an additional 10,867 shares during the period. FMR LLC raised its stake in 58.com by 25.5% during the second quarter. FMR LLC now owns 15,313 shares of the information services provider's stock worth $826,000 after acquiring an additional 3,112 shares during the period. Charles Schwab Investment Management Inc. raised its stake in 58.com by 4.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 122,372 shares of the information services provider's stock worth $6,601,000 after acquiring an additional 5,566 shares during the period. Finally, CNH Partners LLC acquired a new stake in 58.com during the second quarter worth about $17,200,000. Hedge funds and other institutional investors own 62.45% of the company's stock.

About 58.com

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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Analyst Recommendations for 58.com (NYSE:WUBA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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