58.com Inc. (NYSE:WUBA) was the target of some unusual options trading activity on Friday. Stock traders acquired 19,852 put options on the stock. This represents an increase of approximately 5,773% compared to the average volume of 338 put options.
Several institutional investors have recently added to or reduced their stakes in WUBA. Invictus RG bought a new stake in shares of 58.com during the 3rd quarter valued at about $167,000. AJO LP bought a new position in shares of 58.com during the 2nd quarter valued at approximately $201,000. Fox Run Management L.L.C. bought a new position in shares of 58.com during the 3rd quarter valued at approximately $202,000. AMP Capital Investors Ltd bought a new position in shares of 58.com during the 3rd quarter valued at approximately $215,000. Finally, Wetherby Asset Management Inc. bought a new position in shares of 58.com during the 2nd quarter valued at approximately $261,000. Institutional investors and hedge funds own 60.60% of the company’s stock.
58.com (NYSE:WUBA) traded down $1.43 during trading on Thursday, hitting $81.87. The company’s stock had a trading volume of 847,175 shares, compared to its average volume of 1,272,209. The company has a market cap of $11,960.00, a P/E ratio of 106.32 and a beta of 2.15. 58.com has a 1-year low of $27.58 and a 1-year high of $85.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05.
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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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