Jane Street Group LLC cut its position in shares of Uxin Ltd (NASDAQ:UXIN) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,995 shares of the company’s stock after selling 10,312 shares during the quarter. Jane Street Group LLC’s holdings in Uxin were worth $126,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in Uxin by 5.4% during the third quarter. FMR LLC now owns 2,488,807 shares of the company’s stock worth $16,899,000 after buying an additional 128,187 shares during the period. Virtu Financial LLC acquired a new position in Uxin during the third quarter worth approximately $116,000. Point72 Asset Management L.P. acquired a new position in Uxin during the third quarter worth approximately $3,130,000. Penserra Capital Management LLC acquired a new position in Uxin during the fourth quarter worth approximately $2,071,000. Finally, BlackRock Inc. increased its position in Uxin by 78.4% during the fourth quarter. BlackRock Inc. now owns 129,527 shares of the company’s stock worth $630,000 after buying an additional 56,926 shares during the period. 39.53% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the company. Zacks Investment Research lowered Uxin from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine raised Uxin from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on Uxin from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Credit Suisse Group assumed coverage on Uxin in a research report on Tuesday, March 12th. They set an “outperform” rating and a $7.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $7.50.
UXIN opened at $3.37 on Friday. The company has a market cap of $985.36 million and a price-to-earnings ratio of -0.99. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.20. Uxin Ltd has a 52 week low of $1.41 and a 52 week high of $10.49.
Uxin (NASDAQ:UXIN) last released its earnings results 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 firm had revenue of $165.62 million during the quarter. Equities analysts predict that Uxin Ltd will post -0.28 earnings per share for the current fiscal year.
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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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