Leju (LEJU) Downgraded to “Hold” at ValuEngine
ValuEngine lowered shares of Leju (NYSE:LEJU) from a buy rating to a hold rating in a research note released on Tuesday morning.
LEJU has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Leju from an underweight rating to a neutral rating and set a $4.00 target price on the stock in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of Leju from a hold rating to a buy rating and set a $2.25 target price on the stock in a report on Tuesday.
Shares of LEJU stock opened at $2.20 on Tuesday. Leju has a 12-month low of $0.96 and a 12-month high of $2.30. The company has a market capitalization of $300.04 million, a P/E ratio of -1.85 and a beta of 3.26.
A hedge fund recently raised its stake in Leju stock. Renaissance Technologies LLC increased its stake in Leju Holdings Ltd (NYSE:LEJU) by 19.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,051,703 shares of the financial services provider’s stock after purchasing an additional 171,703 shares during the quarter. Renaissance Technologies LLC owned 0.77% of Leju worth $1,535,000 at the end of the most recent quarter. 1.68% of the stock is currently owned by institutional investors.
Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises Websites covering 377 cities and various mobile applications for the real estate and home furnishing industries.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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