As 58 Com INC (WUBA) Shares Declined, Hillhouse Capital Management LTD Decreased Stake

November 10, 2018 - By Ashley Bratcher

Based on the latest 2018Q2 regulatory filing with the SEC, Hillhouse Capital Management Ltd decreased its stake in 58 Com Inc (WUBA) by 3.64%. The company’s stock declined 14.60% while stock markets rallied as Hillhouse Capital Management Ltd sold 201,778 shares. The hedge fund is holding 5.35 million shares, compared to the 5.55 million from the previous quarter. And the announced value of the programming company is $370.88M for the 2018Q2. $8.92B is 58 Com Inc’s MC. WUBA touched $60.5 during the last trading session after $4.56 change.58.com Inc. is uptrending after having risen 2.45% since November 10, 2017. WUBA has 1.27M volume or 5.34% up from normal. WUBA underperformed the S&P500 by 13.17%.

About $11.07B and $5.87 billion US Long portfolio Hillhouse Capital Management Ltd operates. Its stake in Alibaba Group Hldg Ltd (NYSE:BABA) was rose by 4.95 million shares to 6.51 million shares valued at $1.21B in 2018Q2, according to the filing. For a total of 1.43M shares it increased its holding in Blueprint Medicines Corp by 62,500 shares in the quarter, and has risen its stake in Myokardia Inc.

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