SouFun Holdings Limited (NYSE:SFUN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, July 21st.
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. “
A number of other research firms also recently weighed in on SFUN. UBS Group AG downgraded SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. T.H. Capital reduced their price target on SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, June 16th. Benchmark Co. began coverage on SouFun Holdings Limited in a research report on Tuesday, April 18th. They set a “hold” rating for the company. Finally, Bank of America Corporation reissued a “buy” rating and issued a $4.60 price objective (down previously from $5.00) on shares of SouFun Holdings Limited in a report on Wednesday, June 21st. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. SouFun Holdings Limited presently has a consensus rating of “Hold” and an average price target of $3.84.
Shares of SouFun Holdings Limited (SFUN) opened at 3.21 on Friday. The firm’s market capitalization is $1.42 billion. The firm has a 50-day moving average of $3.20 and a 200-day moving average of $3.30. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $5.14.
SouFun Holdings Limited (NYSE:SFUN) last released its quarterly earnings results on Tuesday, June 20th. The information services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. SouFun Holdings Limited had a negative return on equity of 14.64% and a negative net margin of 8.27%. The firm had revenue of $109.80 million for the quarter, compared to analyst estimates of $123.73 million. During the same period last year, the company earned ($0.23) EPS. The company’s revenue was down 46.3% compared to the same quarter last year. On average, equities research analysts anticipate that SouFun Holdings Limited will post $0.09 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in SFUN. Acrospire Investment Management LLC bought a new stake in SouFun Holdings Limited during the first quarter valued at approximately $101,000. Profund Advisors LLC increased its stake in shares of SouFun Holdings Limited by 59.7% in the first quarter. Profund Advisors LLC now owns 37,825 shares of the information services provider’s stock valued at $123,000 after buying an additional 14,134 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of SouFun Holdings Limited during the first quarter valued at about $135,000. Wells Fargo & Company MN increased its stake in shares of SouFun Holdings Limited by 5.5% in the second quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock valued at $158,000 after buying an additional 2,223 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in shares of SouFun Holdings Limited by 445.5% in the second quarter. BB&T Securities LLC now owns 55,847 shares of the information services provider’s stock valued at $207,000 after buying an additional 45,609 shares in the last quarter. 50.12% 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.
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