Stock Traders Purchase Large Volume of Put Options on SouFun Holdings (SFUN)
SouFun Holdings (NASDAQ:SFUN) was the target of unusually large options trading on Tuesday. Stock traders purchased 21,086 put options on the stock, American Banking News reports. This is an increase of approximately 1,257% compared to the typical volume of 1,554 put options.
SFUN has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of SouFun Holdings in a research note to investors on Friday, November 15th. They set an “outperform” rating and a $87.00 price target on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of SouFun Holdings in a research note to investors on Friday, November 8th. They now have a $80.30 price target on the stock, up previously from $71.40. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $45.84.
SouFun Holdings (NASDAQ:SFUN) traded up 9.49% on Tuesday, hitting $91.95. 2,203,693 shares of the company’s stock traded hands. SouFun Holdings has a one year low of $20.58 and a one year high of $85.31. The stock’s 50-day moving average is $73.79 and its 200-day moving average is $50.20. The company has a market cap of $7.497 billion and a price-to-earnings ratio of 28.50.
SouFun Holdings (NASDAQ:SFUN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.29. The company had revenue of $185.00 million for the quarter, compared to the consensus estimate of $173.71 million. The company’s quarterly revenue was up 45.4% on a year-over-year basis. On average, analysts predict that SouFun Holdings will post $3.33 earnings per share for the current fiscal year.
SouFun Holdings Limited (NASDAQ:SFUN) operates the real estate Internet portal and home furnishing and improvement Website in China.
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