Morgan Stanley trimmed its holdings in shares of 500.com Ltd (NYSE:WBAI) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 551,387 shares of the company’s stock after selling 92,632 shares during the period. Morgan Stanley’s holdings in 500.com were worth $6,098,000 at the end of the most recent reporting period.
Separately, Krane Funds Advisors LLC raised its position in shares of 500.com by 26.1% in the 3rd quarter. Krane Funds Advisors LLC now owns 52,350 shares of the company’s stock worth $579,000 after acquiring an additional 10,831 shares in the last quarter. 11.35% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine lowered 500.com from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th.
Shares of 500.com stock opened at $14.33 on Thursday. 500.com Ltd has a one year low of $5.22 and a one year high of $23.22.
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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