IBERIABANK (IBKC) Forms $83.05 Double Bottom; Dragoneer Investment Group Has Cut 58 Com (WUBA) Stake By $8.07 Million

Dragoneer Investment Group Llc decreased 58 Com Inc (WUBA) stake by 10.17% reported in 2017Q3 SEC filing. Dragoneer Investment Group Llc sold 128,129 shares as 58 Com Inc (WUBA)’s stock rose 30.73%. The Dragoneer Investment Group Llc holds 1.13 million shares with $71.47 million value, down from 1.26M last quarter. 58 Com Inc now has $11.15B valuation. The stock decreased 0.86% or $0.66 during the last trading session, reaching $76.13. About 836,402 shares traded. 58.com Inc. (NYSE:WUBA) has declined 14.06% since March 6, 2017 and is downtrending. It has underperformed by 30.76% the S&P500.

IBERIABANK Corporation (IBKC) formed double bottom with $79.73 target or 4.00% below today’s $83.05 share price. IBERIABANK Corporation (IBKC) has $4.48B valuation. The stock increased 1.40% or $1.15 during the last trading session, reaching $83.05. About 207,722 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has risen 31.12% since March 6, 2017 and is uptrending. It has outperformed by 14.42% the S&P500.

Among 15 analysts covering 58.com (NYSE:WUBA), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 58.com had 24 analyst reports since August 21, 2015 according to SRatingsIntel. Credit Suisse downgraded the shares of WUBA in report on Friday, November 11 to “Neutral” rating. Bernstein initiated the shares of WUBA in report on Wednesday, January 11 with “Underperform” rating. On Friday, July 8 the stock rating was initiated by Macquarie Research with “Outperform”. On Friday, May 26 the stock rating was upgraded by CLSA to “Outperform”. The company was initiated on Friday, June 3 by Brean Capital. The firm earned “Underweight” rating on Friday, June 30 by Morgan Stanley. The firm has “Buy” rating by Citigroup given on Tuesday, August 8. CLSA downgraded the stock to “Underperform” rating in Friday, November 11 report. The firm earned “Buy” rating on Tuesday, December 15 by HSBC. The stock has “Hold” rating by HSBC on Tuesday, November 15.

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. IberiaBank had 51 analyst reports since August 25, 2015 according to SRatingsIntel. Stephens maintained the stock with “Buy” rating in Monday, July 31 report. The firm has “Hold” rating by Piper Jaffray given on Friday, July 21. Jefferies maintained the shares of IBKC in report on Monday, October 23 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, January 29 report. The rating was maintained by JMP Securities on Tuesday, July 25 with “Market Outperform”. Jefferies upgraded IBERIABANK Corporation (NASDAQ:IBKC) on Monday, October 9 to “Buy” rating. SunTrust maintained it with “Buy” rating and $86.0 target in Wednesday, December 20 report. The stock has “Buy” rating by Jefferies on Monday, January 8. Hovde Group maintained IBERIABANK Corporation (NASDAQ:IBKC) on Friday, February 9 with “Hold” rating. On Friday, September 15 the stock rating was maintained by Jefferies with “Hold”.

Since September 28, 2017, it had 0 buys, and 1 sale for $390,900 activity. The insider BREAUX ERNEST P JR sold $390,900.

Analysts await IBERIABANK Corporation (NASDAQ:IBKC) to report earnings on April, 26. They expect $1.42 earnings per share, up 39.22% or $0.40 from last year’s $1.02 per share. IBKC’s profit will be $76.55 million for 14.62 P/E if the $1.42 EPS becomes a reality. After $1.33 actual earnings per share reported by IBERIABANK Corporation for the previous quarter, Wall Street now forecasts 6.77% EPS growth.