SouFun Holdings Limited (NYSE:SFUN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China. “

Separately, BidaskClub upgraded shares of SouFun Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.73.

SouFun Holdings Limited (NYSE SFUN) traded up $0.17 during trading hours on Thursday, reaching $4.88. 3,240,000 shares of the company were exchanged, compared to its average volume of 1,983,359. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $4.98. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54.

SouFun Holdings Limited (NYSE:SFUN) last posted its earnings results on Tuesday, August 29th. The information services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). SouFun Holdings Limited had a negative net margin of 4.57% and a negative return on equity of 8.80%. The firm had revenue of $110.09 million during the quarter, compared to analyst estimates of $131.83 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The business’s quarterly revenue was down 61.6% compared to the same quarter last year. research analysts forecast that SouFun Holdings Limited will post 0.06 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.watchlistnews.com/soufun-holdings-limited-sfun-rating-increased-to-hold-at-zacks-investment-research/1679168.html.

Large investors have recently added to or reduced their stakes in the company. Davis Selected Advisers increased its position in shares of SouFun Holdings Limited by 33.3% during the 2nd quarter. Davis Selected Advisers now owns 27,239,493 shares of the information services provider’s stock worth $101,059,000 after purchasing an additional 6,803,651 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of SouFun Holdings Limited during the 3rd quarter worth about $12,075,000. JPMorgan Chase & Co. increased its position in shares of SouFun Holdings Limited by 679.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,087,291 shares of the information services provider’s stock worth $3,544,000 after purchasing an additional 947,858 shares in the last quarter. Brookfield Asset Management Inc. acquired a new stake in shares of SouFun Holdings Limited during the 2nd quarter worth about $2,062,000. Finally, Penserra Capital Management LLC increased its position in shares of SouFun Holdings Limited by 75.0% during the 3rd quarter. Penserra Capital Management LLC now owns 570,758 shares of the information services provider’s stock worth $2,311,000 after purchasing an additional 244,584 shares in the last quarter. 47.61% of the stock is owned by institutional investors.

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.

Analyst Recommendations 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.