SouFun Holdings Limited (NYSE:SFUN) issued its earnings results on Tuesday. The information services provider reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03, MarketWatch Earnings reports. The firm had revenue of $110.09 million during the quarter, compared to analysts’ expectations of $131.83 million. SouFun Holdings Limited had a negative net margin of 8.27% and a negative return on equity of 14.64%. The firm’s revenue was down 61.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS.

Shares of SouFun Holdings Limited (NYSE:SFUN) opened at 3.61 on Thursday. The stock’s market cap is $1.59 billion. SouFun Holdings Limited has a 12-month low of $2.46 and a 12-month high of $4.81. The company’s 50-day moving average is $3.24 and its 200-day moving average is $3.28.

TRADEMARK VIOLATION WARNING: “SouFun Holdings Limited (SFUN) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.watchlistnews.com/soufun-holdings-limited-sfun-posts-quarterly-earnings-results-misses-expectations-by-0-03-eps/1533627.html.

A number of hedge funds have recently made changes to their positions in SFUN. Davis Selected Advisers boosted its stake in shares of SouFun Holdings Limited by 33.3% in the second quarter. Davis Selected Advisers now owns 27,239,493 shares of the information services provider’s stock valued at $101,059,000 after buying an additional 6,803,651 shares in the last quarter. Fosun International Ltd raised 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. Bank of America Corp DE raised its position in 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 valued at $29,527,000 after buying an additional 519,731 shares during the last quarter. FIL Ltd raised its position in 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 valued at $10,646,000 after buying an additional 2,786,255 shares during the last quarter. Finally, Contrarius Investment Management Ltd raised its position in SouFun Holdings Limited by 4.6% in the second quarter. Contrarius Investment Management Ltd now owns 1,275,889 shares of the information services provider’s stock valued at $4,734,000 after buying an additional 56,476 shares during the last quarter. 46.19% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. UBS AG downgraded shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. BidaskClub raised shares of SouFun Holdings Limited from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of SouFun Holdings Limited from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Bank of America Corporation reissued a “buy” rating and set a $4.60 price objective (down previously from $5.00) on shares of SouFun Holdings Limited in a report on Wednesday, June 21st. Finally, T.H. Capital decreased their price objective on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. SouFun Holdings Limited has a consensus rating of “Hold” and a consensus target price of $3.73.

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.

Earnings History for SouFun Holdings Limited (NYSE:SFUN)

Receive News & Ratings for SouFun Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SouFun Holdings Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.