Leju Holdings Limited (NYSE:LEJU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China. “

A number of other equities research analysts have also commented on LEJU. ValuEngine raised Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 25th. J P Morgan Chase & Co lowered Leju Holdings Limited from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $3.80 to $2.10 in a research report on Thursday, June 22nd. Finally, BidaskClub raised Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Five research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Leju Holdings Limited presently has an average rating of “Sell” and a consensus target price of $3.35.

Shares of Leju Holdings Limited (NYSE:LEJU) traded down 4.22% during trading on Thursday, hitting $1.59. The stock had a trading volume of 189,095 shares. The firm has a 50 day moving average of $1.72 and a 200 day moving average of $2.96. The company’s market capitalization is $295.74 million. Leju Holdings Limited has a 1-year low of $1.28 and a 1-year high of $5.47.

Leju Holdings Limited (NYSE:LEJU) last released its quarterly earnings results on Wednesday, June 14th. The financial services provider reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.09. The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $65.32 million. Leju Holdings Limited had a negative return on equity of 5.42% and a negative net margin of 5.24%. Leju Holdings Limited’s revenue was down 39.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. Analysts expect that Leju Holdings Limited will post ($0.15) EPS for the current fiscal year.

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A hedge fund recently raised its stake in Leju Holdings Limited stock. Renaissance Technologies LLC raised its position in Leju Holdings Limited (NYSE:LEJU) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,000 shares of the financial services provider’s stock after buying an additional 26,300 shares during the period. Renaissance Technologies LLC owned 0.17% of Leju Holdings Limited worth $1,488,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.67% of the company’s stock.

About Leju Holdings Limited

Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.

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