Uxin (UXIN) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Uxin (NASDAQ:UXIN) from a hold rating to a buy rating in a research report sent to investors on Friday. Zacks Investment Research currently has $5.00 price target on the stock.

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. “

A number of other equities analysts have also recently issued reports on UXIN. JPMorgan Chase & Co. began coverage on Uxin in a report on Monday, July 30th. They issued a neutral rating and a $9.00 target price on the stock. Goldman Sachs Group assumed coverage on Uxin in a research note on Thursday, August 16th. They set a buy rating and a $9.70 price objective on the stock.

Shares of UXIN opened at $4.51 on Friday. Uxin has a 12-month low of $4.39 and a 12-month high of $10.49.

A number of large investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in Uxin during the 3rd quarter valued at $3,130,000. Jane Street Group LLC bought a new position in Uxin during the 3rd quarter valued at $247,000. Baillie Gifford & Co. bought a new position in Uxin during the 3rd quarter valued at $1,687,000. Virtu Financial LLC bought a new position in Uxin during the 3rd quarter valued at $116,000. Finally, FMR LLC lifted its stake in Uxin by 5.4% during the 3rd quarter. FMR LLC now owns 2,488,807 shares of the company’s stock valued at $16,899,000 after acquiring an additional 128,187 shares in the last quarter. Institutional investors and hedge funds own 27.99% 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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