Leju Holdings Limited (NYSE:LEJU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China. “

LEJU has been the subject of a number of other reports. ValuEngine upgraded shares of Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a report on Thursday, May 25th. J P Morgan Chase & Co lowered shares of Leju Holdings Limited from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $3.80 to $2.10 in a report on Thursday, June 22nd.

Shares of Leju Holdings Limited (NYSE:LEJU) traded down 0.55% on Thursday, hitting $1.80. The stock had a trading volume of 170,685 shares. The firm’s market capitalization is $334.80 million. Leju Holdings Limited has a 1-year low of $1.74 and a 1-year high of $5.47. The firm has a 50 day moving average of $2.73 and a 200-day moving average of $3.44.

Leju Holdings Limited (NYSE:LEJU) last posted its earnings results on Wednesday, June 14th. The financial services provider reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.09. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $65.32 million. Leju Holdings Limited had a negative net margin of 5.24% and a negative return on equity of 5.42%. Leju Holdings Limited’s revenue for the quarter was down 39.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Equities analysts predict that Leju Holdings Limited will post ($0.15) earnings per share for the current year.

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An institutional investor recently raised its position in Leju Holdings Limited stock. Renaissance Technologies LLC increased its stake in Leju Holdings Limited (NYSE:LEJU) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,000 shares of the financial services provider’s stock after buying an additional 26,300 shares during the period. Renaissance Technologies LLC owned 0.17% of Leju Holdings Limited worth $1,488,000 as of its most recent SEC filing. Institutional investors own 4.83% of the company’s stock.

Leju Holdings Limited Company Profile

Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.

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