Sawtooth Solutions LLC increased its holdings in Uxin Ltd (NASDAQ:UXIN) by 75.0% in the 1st quarter, HoldingsChannel reports. The firm owned 28,000 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Sawtooth Solutions LLC’s holdings in Uxin were worth $106,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of UXIN. Baillie Gifford & Co. grew its stake in Uxin by 42.3% in the first quarter. Baillie Gifford & Co. now owns 1,776,100 shares of the company’s stock valued at $6,732,000 after purchasing an additional 527,700 shares during the last quarter. 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 purchasing an additional 20,218,735 shares during the last quarter. BlackRock Inc. grew its stake in Uxin by 78.4% in the fourth quarter. BlackRock Inc. now owns 129,527 shares of the company’s stock valued at $630,000 after purchasing an additional 56,926 shares during the last quarter. Two Sigma Investments LP purchased a new position in Uxin in the fourth quarter valued at about $72,000. Finally, Myriad Asset Management Ltd. purchased a new position in Uxin in the first quarter valued at about $20,893,000. 32.12% of the stock is owned by hedge funds and other institutional investors.
Shares of UXIN stock opened at $1.94 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.49 and a current ratio of 1.44. The firm has a market capitalization of $576.01 million and a price-to-earnings ratio of -0.57. Uxin Ltd has a fifty-two week low of $1.41 and a fifty-two week high of $10.49.
UXIN has been the topic of several research reports. Zacks Investment Research downgraded shares of Uxin from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Credit Suisse Group started coverage on shares of Uxin in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $7.70 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Uxin from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Finally, ValuEngine raised shares of Uxin from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $7.50.
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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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