Uxin (UXIN) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Uxin (NASDAQ:UXIN) from a sell rating to a hold rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Uxin Limited provides internet based services. The Company offers car e-commerce platform which enables to consumers and dealers to buy and sell new and used cars. Uxin Limited is based in Beijing, China. “

UXIN has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Uxin from $7.00 to $8.00 and gave the stock an overweight rating in a report on Thursday, March 14th. Credit Suisse Group began coverage on shares of Uxin in a report on Tuesday, March 12th. They issued an outperform rating and a $7.70 price objective for the company. Finally, ValuEngine cut shares of Uxin from a buy rating to a hold rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Uxin presently has a consensus rating of Buy and an average price target of $7.50.

Shares of NASDAQ:UXIN opened at $2.21 on Thursday. The firm has a market capitalization of $646.19 million and a P/E ratio of -0.65. Uxin has a 1 year low of $1.41 and a 1 year high of $10.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.49.

Uxin (NASDAQ:UXIN) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.06). The company had revenue of $165.62 million for the quarter. As a group, equities analysts anticipate that Uxin will post -0.28 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Hillhouse Capital Management Ltd. lifted its position in Uxin by 995.3% during the 4th quarter. Hillhouse Capital Management Ltd. now owns 22,250,160 shares of the company’s stock worth $108,136,000 after acquiring an additional 20,218,735 shares during the last quarter. Myriad Asset Management Ltd. acquired a new position in Uxin during the 1st quarter worth $20,893,000. FMR LLC acquired a new position in Uxin during the 1st quarter worth $9,445,000. Baillie Gifford & Co. lifted its position in Uxin by 42.3% during the 1st quarter. Baillie Gifford & Co. now owns 1,776,100 shares of the company’s stock worth $6,732,000 after acquiring an additional 527,700 shares during the last quarter. Finally, Pictet Asset Management Ltd. acquired a new position in Uxin during the 1st quarter worth $6,206,000. 41.68% of the stock is owned by hedge funds and other institutional investors.

Uxin Company Profile

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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