Dragoneer Investment Group LLC Has Decreased Position in 58 Com INC (WUBA) by $16.37 Million as Valuation Rose

April 16, 2018 - By Michael Collier

Dragoneer Investment Group Llc decreased its stake in 58 Com Inc (WUBA) by 20.36% based on its latest 2017Q4 regulatory filing with the SEC. Dragoneer Investment Group Llc sold 230,500 shares as the company’s stock rose 12.75% while stock markets declined. The institutional investor held 901,368 shares of the programming company at the end of 2017Q4, valued at $64.51M, down from 1.13M at the end of the previous reported quarter. Dragoneer Investment Group Llc who had been investing in 58 Com Inc for a number of months, seems to be less bullish one the $11.70 billion market cap company. The stock decreased 0.36% or $0.29 during the last trading session, reaching $79.57. About 185,471 shares traded. 58.com Inc. (NYSE:WUBA) has risen 114.05% since April 16, 2017 and is uptrending. It has outperformed by 102.50% the S&P500.

58.com Inc. (NYSE:WUBA) Ratings Coverage

Among 2 analysts covering 58com Inc (NYSE:WUBA), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. 58com Inc had 2 analyst reports since March 9, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, March 12 by Bank of America. The stock has “Buy” rating by Benchmark on Friday, March 9.

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