Nomura Holdings Inc. Buys 404,029 Shares of SouFun Holdings Ltd. (SFUN)
Nomura Holdings Inc. raised its position in SouFun Holdings Ltd. (NYSE:SFUN) by 214.7% during the second quarter, Holdings Channel reports. The institutional investor owned 592,235 shares of the company’s stock after buying an additional 404,029 shares during the period. Nomura Holdings Inc.’s holdings in SouFun Holdings were worth $2,977,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SFUN. Wellington Management Group LLP acquired a new stake in SouFun Holdings during the first quarter worth $125,000. Alta Advisers Ltd raised its stake in SouFun Holdings by 157.5% in the second quarter. Alta Advisers Ltd now owns 22,400 shares of the company’s stock valued at $113,000 after buying an additional 13,700 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in SouFun Holdings by 128.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,800 shares of the company’s stock valued at $115,000 after buying an additional 12,800 shares during the period. DIAM Co. Ltd. raised its stake in SouFun Holdings by 112.7% in the second quarter. DIAM Co. Ltd. now owns 23,400 shares of the company’s stock valued at $116,000 after buying an additional 12,400 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in SouFun Holdings during the second quarter valued at approximately $128,000. Institutional investors own 51.69% of the company’s stock.
SouFun Holdings Ltd. (NYSE:SFUN) opened at 4.42 on Wednesday. The company has a 50-day moving average of $4.65 and a 200 day moving average of $5.26. SouFun Holdings Ltd. has a 12-month low of $4.27 and a 12-month high of $8.17. The company’s market capitalization is $2.10 billion.
SouFun Holdings (NYSE:SFUN) last posted its quarterly earnings data on Thursday, August 25th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. SouFun Holdings had a negative net margin of 18.43% and a negative return on equity of 38.20%. The business had revenue of $287 million for the quarter, compared to analyst estimates of $269.76 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. SouFun Holdings’s quarterly revenue was up 34.2% on a year-over-year basis. Equities research analysts forecast that SouFun Holdings Ltd. will post ($0.34) earnings per share for the current fiscal year.
Several equities research analysts have commented on SFUN shares. Nomura decreased their price objective on shares of SouFun Holdings from $7.94 to $6.79 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research lowered shares of SouFun Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Brean Capital reiterated a “hold” rating on shares of SouFun Holdings in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $4.50 target price on shares of SouFun Holdings in a research report on Wednesday, August 31st. Finally, TheStreet downgraded shares of SouFun Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.30.
About SouFun Holdings
SouFun Holdings Limited operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services.
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