Conning Inc. continued to hold its stake in shares of SouFun Holdings Limited (NYSE:SFUN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,350,491 shares of the information services provider’s stock at the end of the second quarter. Conning Inc.’s holdings in SouFun Holdings Limited were worth $5,010,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of SouFun Holdings Limited during the first quarter worth about $101,000. Profund Advisors LLC boosted its stake in shares of SouFun Holdings Limited by 59.7% in the first quarter. Profund Advisors LLC now owns 37,825 shares of the information services provider’s stock worth $123,000 after buying an additional 14,134 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of SouFun Holdings Limited during the first quarter worth about $135,000. Stevens Capital Management LP boosted its stake in shares of SouFun Holdings Limited by 290.7% in the first quarter. Stevens Capital Management LP now owns 87,857 shares of the information services provider’s stock worth $286,000 after buying an additional 65,369 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of SouFun Holdings Limited by 216.2% in the first quarter. SG Americas Securities LLC now owns 93,818 shares of the information services provider’s stock worth $306,000 after buying an additional 64,148 shares in the last quarter. Hedge funds and other institutional investors own 50.21% of the company’s stock.

SouFun Holdings Limited (NYSE:SFUN) opened at 3.16 on Monday. The firm’s 50-day moving average is $3.20 and its 200-day moving average is $3.30. SouFun Holdings Limited has a 52-week low of $2.46 and a 52-week high of $5.14. The firm’s market cap is $1.40 billion.

SouFun Holdings Limited (NYSE:SFUN) last announced its quarterly earnings data on Tuesday, June 20th. The information services provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. SouFun Holdings Limited had a negative net margin of 8.27% and a negative return on equity of 14.64%. The firm had revenue of $109.80 million during the quarter, compared to the consensus estimate of $123.73 million. During the same period last year, the business earned ($0.23) EPS. The business’s revenue was down 46.3% on a year-over-year basis. Analysts forecast that SouFun Holdings Limited will post $0.09 EPS for the current fiscal year.

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SFUN has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of SouFun Holdings Limited from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday, July 5th. Bank of America Corporation reiterated a “buy” rating and issued a $4.60 price objective (down from $5.00) on shares of SouFun Holdings Limited in a report on Wednesday, June 21st. T.H. Capital decreased their price objective on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a report on Friday, June 16th. Benchmark Co. initiated coverage on shares of SouFun Holdings Limited in a report on Tuesday, April 18th. They issued a “hold” rating for the company. Finally, UBS AG cut shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. SouFun Holdings Limited currently has an average rating of “Hold” and a consensus price target of $3.84.

About SouFun Holdings Limited

Fang Holdings Limited, formerly 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.

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Institutional Ownership by Quarter for SouFun Holdings Limited (NYSE:SFUN)

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