Leju (NYSE:LEJU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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. “

Several other analysts also recently weighed in on LEJU. BidaskClub upgraded Leju from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded Leju from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Five research analysts have rated the stock with a sell rating, The company currently has a consensus rating of “Sell” and a consensus price target of $2.10.

Shares of Leju (NYSE LEJU) traded down $0.02 on Tuesday, hitting $1.53. The company had a trading volume of 45,325 shares, compared to its average volume of 270,197. Leju has a twelve month low of $1.28 and a twelve month high of $5.02.

Large investors have recently bought and sold shares of the stock. Contrarius Investment Management Ltd boosted its stake in Leju by 2.8% in the third quarter. Contrarius Investment Management Ltd now owns 3,828,235 shares of the financial services provider’s stock valued at $6,470,000 after acquiring an additional 103,567 shares during the period. Freestone Capital Holdings LLC boosted its stake in Leju by 18.6% in the second quarter. Freestone Capital Holdings LLC now owns 950,451 shares of the financial services provider’s stock valued at $1,749,000 after acquiring an additional 149,356 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Leju by 6.9% in the first quarter. Renaissance Technologies LLC now owns 331,300 shares of the financial services provider’s stock valued at $1,136,000 after acquiring an additional 21,300 shares during the period. Institutional investors and hedge funds own 3.99% of the company’s stock.

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Leju 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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