Uxin (UXIN) Stock Rating Lowered by Zacks Investment Research
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. “
Other equities research analysts also recently issued research reports about the company. ValuEngine upgraded Uxin from a hold rating to a buy rating in a report on Monday, April 1st. Goldman Sachs Group downgraded Uxin from a buy rating to a neutral rating and upped their price objective for the company from $9.10 to $9.30 in a report on Friday, December 21st. Credit Suisse Group initiated coverage on Uxin in a report on Tuesday, March 12th. They issued an outperform rating and a $7.70 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on Uxin from $7.00 to $8.00 and gave the company an overweight rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $7.50.
Uxin (NASDAQ:UXIN) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $165.62 million during the quarter. On average, equities research analysts predict that Uxin will post -0.28 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Silk Road Investment PTE Ltd. acquired a new position in Uxin in the first quarter valued at about $913,000. Hillhouse Capital Management Ltd. grew its stake in Uxin by 995.3% in the fourth quarter. Hillhouse Capital Management Ltd. now owns 22,250,160 shares of the company’s stock valued at $108,136,000 after acquiring an additional 20,218,735 shares during the period. Bank of America Corp DE grew its stake in Uxin by 4,464.8% in the fourth quarter. Bank of America Corp DE now owns 21,500 shares of the company’s stock valued at $105,000 after acquiring an additional 21,029 shares during the period. Two Sigma Securities LLC acquired a new position in Uxin in the fourth quarter valued at about $69,000. Finally, Two Sigma Investments LP acquired a new position in Uxin in the fourth quarter valued at about $72,000. Institutional investors and hedge funds own 39.53% of the company’s stock.
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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