SouFun Holdings Limited (NYSE:SFUN) Given Consensus Recommendation of “Hold” by Analysts
Shares of SouFun Holdings Limited (NYSE:SFUN) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $3.84.
SFUN has been the topic of several recent analyst reports. Benchmark Co. initiated coverage on SouFun Holdings Limited in a research note on Tuesday, April 18th. They set a “hold” rating on the stock. Zacks Investment Research upgraded SouFun Holdings Limited from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 6th. T.H. Capital cut their target price on SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating on the stock in a research note on Friday, June 16th. Bank of America Corporation reiterated a “buy” rating and set a $4.60 target price (down from $5.00) on shares of SouFun Holdings Limited in a research note on Wednesday, June 21st. Finally, UBS AG downgraded SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th.
SouFun Holdings Limited (SFUN) remained flat at $3.17 on Monday. 104,730 shares of the company traded hands. The firm has a 50-day moving average of $3.48 and a 200 day moving average of $3.33. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $5.57. The firm’s market capitalization is $1.40 billion.
SouFun Holdings Limited (NYSE:SFUN) last issued its earnings results on Tuesday, June 20th. The information services provider reported ($0.02) EPS for the quarter, missing the consensus estimate 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 business had revenue of $109.80 million for the quarter, compared to analysts’ expectations of $123.73 million. During the same quarter in the prior year, the business posted ($0.23) earnings per share. The business’s revenue for the quarter was down 46.3% on a year-over-year basis. Equities research analysts anticipate that SouFun Holdings Limited will post $0.09 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Fosun International Ltd boosted its position in SouFun Holdings Limited by 13.4% in the first quarter. Fosun International Ltd now owns 25,107,453 shares of the information services provider’s stock valued at $81,850,000 after buying an additional 2,974,909 shares during the last quarter. FIL Ltd boosted its position in shares of SouFun Holdings Limited by 581.0% in the first quarter. FIL Ltd now owns 3,265,780 shares of the information services provider’s stock worth $10,646,000 after buying an additional 2,786,255 shares in the last quarter. Conning Inc. bought a new position in shares of SouFun Holdings Limited during the first quarter worth approximately $4,403,000. JPMorgan Chase & Co. boosted its position in shares of SouFun Holdings Limited by 679.8% in the first quarter. JPMorgan Chase & Co. now owns 1,087,291 shares of the information services provider’s stock worth $3,544,000 after buying an additional 947,858 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of SouFun Holdings Limited by 6.1% in the first quarter. Bank of America Corp DE now owns 9,057,448 shares of the information services provider’s stock worth $29,527,000 after buying an additional 519,731 shares in the last quarter. 50.08% of the stock is currently owned by hedge funds and other institutional investors.
SouFun Holdings Limited Company Profile
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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