Krane Funds Advisors LLC increased its stake in 500.com Ltd (NYSE:WBAI) by 26.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,350 shares of the company’s stock after purchasing an additional 10,831 shares during the quarter. Krane Funds Advisors LLC owned approximately 0.12% of 500.com worth $579,000 at the end of the most recent reporting period.
500.com stock traded up $2.86 on Thursday, reaching $13.22. The company’s stock had a trading volume of 356,200 shares, compared to its average volume of 91,200. 500.com Ltd has a twelve month low of $5.22 and a twelve month high of $23.22.
500.com (NYSE:WBAI) last released its earnings results on Tuesday, November 6th. The company reported ($0.35) earnings per share for the quarter. 500.com had a negative net margin of 231.56% and a negative return on equity of 25.38%. The company had revenue of $4.38 million during the quarter.
Separately, ValuEngine upgraded 500.com from a “hold” rating to a “buy” rating in a research report on Thursday.
COPYRIGHT VIOLATION WARNING: “Krane Funds Advisors LLC Purchases 10,831 Shares of 500.com Ltd (NYSE:WBAI)” was first posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.fairfieldcurrent.com/news/2019/01/10/500-com-ltd-wbai-holdings-raised-by-krane-funds-advisors-llc.html.
500.com Limited, through its subsidiaries, provides online gaming services primarily in the People's Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto.net in Curacao, Malta, the United Kingdom, and Ireland, as well as provides users with various casino services, including online slot machines and online table games.
Further Reading: Back-End Load
Receive News & Ratings for 500.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 500.com and related companies with MarketBeat.com's FREE daily email newsletter.