The 500.com Ltd. (WBAI) Position Increased by California Public Employees Retirement System

The 500.com Ltd. (WBAI) Position Increased by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in shares of 500.com Ltd. (NYSE:WBAI) by 26.1% during the second quarter, Holdings Channel reports. The institutional investor owned 77,800 shares of the company’s stock after buying an additional 16,100 shares during the period. California Public Employees Retirement System owned approximately 0.19% of 500.com worth $1,293,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WBAI. Bank of Montreal Can purchased a new stake in shares of 500.com during the second quarter valued at approximately $126,000. BlackRock Inc. increased its stake in shares of 500.com by 125.3% in the first quarter. BlackRock Inc. now owns 7,576 shares of the company’s stock valued at $126,000 after buying an additional 4,214 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of 500.com by 18.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 40,792 shares of the company’s stock valued at $681,000 after buying an additional 6,208 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of 500.com by 23,606.5% in the first quarter. Barclays PLC now owns 21,810 shares of the company’s stock valued at $349,000 after buying an additional 21,718 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

Shares of 500.com Ltd. (NYSE:WBAI) traded up 0.78% during midday trading on Friday, hitting $19.34. 34,119 shares of the stock traded hands. The stock has a 50 day moving average of $18.26 and a 200 day moving average of $17.59. The company’s market capitalization is $801.14 million. 500.com Ltd. has a 1-year low of $13.77 and a 1-year high of $21.32.

500.com (NYSE:WBAI) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.10 earnings per share for the quarter. Equities research analysts predict that 500.com Ltd. will post ($0.39) earnings per share for the current fiscal year.

500.com Company Profile

500.com Limited is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers.

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