Krane Funds Advisors LLC bought a new position in shares of 500.com Ltd (NYSE:WBAI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,519 shares of the company’s stock, valued at approximately $611,000.
Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of 500.com during the 1st quarter worth approximately $228,000. BlackRock Inc. lifted its position in shares of 500.com by 2.7% during the 1st quarter. BlackRock Inc. now owns 156,856 shares of the company’s stock worth $2,692,000 after buying an additional 4,160 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of 500.com during the 2nd quarter worth approximately $177,000. 12.09% of the stock is currently owned by hedge funds and other institutional investors.
500.com stock opened at $12.40 on Thursday. 500.com Ltd has a 52 week low of $9.05 and a 52 week high of $23.22.
500.com (NYSE:WBAI) last issued its quarterly earnings results on Friday, July 27th. The company reported ($0.19) earnings per share (EPS) for the quarter. 500.com had a negative return on equity of 22.25% and a negative net margin of 195.75%. The company had revenue of $4.59 million for the quarter.
500.com Company Profile
500.com Limited, through its subsidiaries, provides online gaming services primarily in the People's Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto.net in Curacao, Malta, the United Kingdom, and Ireland, as well as provides users with various casino services, including online slot machines and online table games.
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