SouFun Holdings Ltd. (NYSE:SFUN) Receives Average Recommendation of “Hold” from Analysts
SouFun Holdings Ltd. (NYSE:SFUN) has received an average rating of “Hold” from the eight brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.46.
SFUN has been the topic of several research analyst reports. Brean Capital reaffirmed a “hold” rating on shares of SouFun Holdings in a research note on Tuesday, August 16th. Zacks Investment Research raised SouFun Holdings from a “strong sell” rating to a “hold” rating and set a $5.50 price objective on the stock in a research note on Thursday, August 11th. Nomura dropped their price objective on SouFun Holdings from $7.94 to $6.79 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Credit Agricole SA downgraded SouFun Holdings from an “underperform” rating to a “sell” rating and dropped their price objective for the stock from $6.00 to $4.50 in a research note on Friday, August 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $4.50 price objective on shares of SouFun Holdings in a research note on Wednesday, August 31st.
Hedge funds have recently added to or reduced their stakes in the stock. Alta Advisers Ltd increased its stake in SouFun Holdings by 157.5% in the second quarter. Alta Advisers Ltd now owns 22,400 shares of the company’s stock valued at $113,000 after buying an additional 13,700 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in SouFun Holdings by 128.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,800 shares of the company’s stock valued at $115,000 after buying an additional 12,800 shares in the last quarter. DIAM Co. Ltd. increased its stake in SouFun Holdings by 112.7% in the second quarter. DIAM Co. Ltd. now owns 23,400 shares of the company’s stock valued at $116,000 after buying an additional 12,400 shares in the last quarter. Wellington Management Group LLP purchased a new stake in SouFun Holdings during the first quarter valued at about $125,000. Finally, Emerald Acquisition Ltd. purchased a new stake in SouFun Holdings during the second quarter valued at about $128,000. 51.69% of the stock is currently owned by hedge funds and other institutional investors.
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SouFun Holdings (NYSE:SFUN) traded up 0.22% during trading on Tuesday, hitting $4.48. The company had a trading volume of 1,171,669 shares. The stock has a 50-day moving average of $4.67 and a 200-day moving average of $5.27. SouFun Holdings has a one year low of $4.27 and a one year high of $8.17. The stock’s market capitalization is $2.12 billion.
SouFun Holdings (NYSE:SFUN) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. The business had revenue of $287 million for the quarter, compared to the consensus estimate of $269.76 million. SouFun Holdings had a negative return on equity of 38.20% and a negative net margin of 18.43%. The firm’s revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts anticipate that SouFun Holdings will post ($0.34) EPS for the current year.
About SouFun Holdings
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. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services.
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