58.com Inc. (WUBA): Why insiders taking interest in this stock

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58.com Inc. (NYSE:WUBA) changes shares on Monday trading session, with a change of 9.55% or $4.76 shares. The trading starts at $54.25 and closed at $49.82 throughout the day. The trading session low price was $54.25 and day high was $55.18 on Monday, June 15. After the session, the Communication Services sector daily volume shifted to 8.87 million while its average volume is 912.90K. In other hand, the WUBA market cap reached to $8.19B. While, its current target price is $54.58 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 7.00% and up 6.48% for month. Its quarterly performance was 20.86% above, while its half year performance is down -12.04%. WUBA yearly performance stood at negative -7.03% and fall -15.68% for year-to-date. Current recommendation for 58.com Inc. is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. WUBA EPS (TTM) for 12-month is 7.77. EPS for this year is 312.10%, while for the next year its value is 3.69. Its EPS Q/Q reached 527.60%. It has an EPS of 191.70% up for past five years.

Price (T.Rowe) Associates Inc, Standard Life Aberdeen PLC and General Atlantic, LLC are the top three holders in 58.com Inc. (WUBA) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 11.66 million shares which valued 568.1 million. On Mar 30, 2020, Standard Life Aberdeen PLC owned 7.76 million shares which valued at 378.14 million. On Mar 30, 2020, General Atlantic, LLC has a total of 7.15 million shares which valued at 348.35 million. In the end, General Atlantic, LLC have 6.85% shares outstanding of 58.com Inc. (WUBA) on Mar 30, 2020. The insider ownership moved to 4.71% and institutional holding shifted to 80.80%.

The company posted an EPS (TTM) of 7.77. According to the most recent quarter report on (Mar 2020), 6 analysts estimated an average EPS of -0.08, while 0.43 EPS posted a year ago period. Analyst Estimated EPS for WUBA published in the report was -0.27-0.08 during the same period. Comparing with last year, the average estimated EPS was 0.43 which is lower than 4.63 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for WUBA fall -0.79% for period of 200 days. SMA for 50 days was 6.96% which is showing green signal, while SMA-20 was 8.94%. The moving average value for 58.com Inc. (WUBA) is 55.87 and 50.82 for 200 and 50 days respectively.