California Public Employees Retirement System purchased a new position in Uxin Ltd (NASDAQ:UXIN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $904,000.
A number of other large investors have also bought and sold shares of UXIN. Warburg Pincus LLC acquired a new position in Uxin in the second quarter worth about $338,088,000. BlackRock Inc. bought a new stake in Uxin during the second quarter worth about $23,504,000. Hillhouse Capital Management Ltd. bought a new stake in Uxin during the second quarter worth about $22,600,000. FMR LLC bought a new stake in Uxin during the second quarter worth about $21,340,000. Finally, Laurion Capital Management LP bought a new stake in Uxin during the second quarter worth about $10,715,000. 29.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Uxin stock opened at $5.72 on Friday. Uxin Ltd has a 1-year low of $4.88 and a 1-year high of $10.49.
Uxin (NASDAQ:UXIN) last issued its quarterly earnings data on Wednesday, August 22nd. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.18. The firm had revenue of $100.61 million for the quarter. As a group, analysts forecast that Uxin Ltd will post -1 earnings per share for the current year.
Several brokerages have weighed in on UXIN. Morgan Stanley began coverage on shares of Uxin in a research note on Monday, July 23rd. They set an “overweight” rating on the stock. JPMorgan Chase & Co. began coverage on shares of Uxin in a research note on Monday, July 30th. They set a “neutral” rating and a $9.00 price objective on the stock. Finally, Goldman Sachs Group began coverage on shares of Uxin in a research note on Thursday, August 16th. They set a “buy” rating and a $9.70 price objective on the stock.
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Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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