Stock Traders Buy High Volume of Call Options on 58.com (NYSE:WUBA)

58.com Inc. (NYSE:WUBA) was the target of unusually large options trading activity on Friday. Traders acquired 19,104 call options on the stock. This is an increase of approximately 3,872% compared to the typical volume of 481 call options.

Shares of 58.com (NYSE:WUBA) traded down $1.43 during trading on Thursday, reaching $81.87. 847,175 shares of the company’s stock traded hands, compared to its average volume of 1,272,209. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05. 58.com has a 12-month low of $27.58 and a 12-month high of $85.04. The company has a market capitalization of $11,960.00, a PE ratio of 106.32 and a beta of 2.15.

Institutional investors have recently modified their holdings of the business. Teachers Advisors LLC raised its holdings in 58.com by 9.5% during the 1st quarter. Teachers Advisors LLC now owns 35,887 shares of the information services provider’s stock worth $1,270,000 after buying an additional 3,100 shares during the period. Vanguard Group Inc. raised its holdings in 58.com by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 416,689 shares of the information services provider’s stock worth $14,747,000 after buying an additional 8,967 shares during the period. Geode Capital Management LLC raised its holdings in 58.com by 11.0% during the 1st quarter. Geode Capital Management LLC now owns 104,587 shares of the information services provider’s stock worth $3,685,000 after buying an additional 10,357 shares during the period. Russell Investments Group Ltd. acquired a new stake in 58.com during the 2nd quarter worth about $2,868,000. Finally, Great West Life Assurance Co. Can raised its holdings in 58.com by 14.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 37,300 shares of the information services provider’s stock worth $1,643,000 after buying an additional 4,700 shares during the period. Hedge funds and other institutional investors own 60.60% of the company’s stock.

Several research firms recently weighed in on WUBA. TheStreet downgraded shares of 58.com from a “b-” rating to a “c+” rating in a report on Friday, December 22nd. Zacks Investment Research raised shares of 58.com from a “hold” rating to a “strong-buy” rating and set a $77.00 price objective for the company in a report on Tuesday, September 19th. Finally, BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a 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 issued a buy rating to the company’s stock. 58.com currently has an average rating of “Hold” and a consensus target price of $55.50.

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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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