58.com Target of Unusually Large Options Trading (NYSE:WUBA)

58.com Inc (NYSE:WUBA) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 5,139 call options on the stock. This represents an increase of approximately 4,794% compared to the typical volume of 105 call options.

Shares of 58.com stock opened at $53.50 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 0.93 and a beta of 1.62. The firm has a 50 day moving average of $58.03. 58.com has a fifty-two week low of $49.93 and a fifty-two week high of $77.60.

58.com (NYSE:WUBA) last issued its quarterly earnings results on Tuesday, May 28th. The information services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The business had revenue of $438.30 million during the quarter, compared to analyst estimates of $434.43 million. 58.com had a net margin of 18.44% and a return on equity of 11.48%. 58.com’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. Equities analysts anticipate that 58.com will post 2.54 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new stake in shares of 58.com in the second quarter valued at approximately $58,000. Tower Research Capital LLC TRC acquired a new stake in shares of 58.com in the second quarter valued at approximately $90,000. Quadrant Capital Group LLC increased its holdings in shares of 58.com by 61.1% in the first quarter. Quadrant Capital Group LLC now owns 1,923 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 729 shares in the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of 58.com in the second quarter valued at approximately $260,000. Finally, Pictet & Cie Europe SA acquired a new stake in shares of 58.com in the first quarter valued at approximately $263,000. 57.79% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on WUBA. Zacks Investment Research lowered shares of 58.com from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 3rd. Credit Suisse Group lowered shares of 58.com from an “outperform” rating to a “neutral” rating and set a $57.23 price objective for the company. in a report on Tuesday, July 16th. Jefferies Financial Group began coverage on shares of 58.com in a report on Monday, August 5th. They set a “buy” rating and a $66.40 price objective for the company. Finally, ValuEngine lowered shares of 58.com from a “buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $62.93.

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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