SouFun Holdings Limited (SFUN) Upgraded to Sell by BidaskClub

SouFun Holdings Limited (NYSE:SFUN) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Monday, July 31st.

Several other research firms have also issued reports on SFUN. UBS AG lowered shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. T.H. Capital decreased their price target on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating on the stock in a research report on Friday, June 16th. Benchmark Co. assumed coverage on shares of SouFun Holdings Limited in a research report on Tuesday, April 18th. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of SouFun Holdings Limited from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 6th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $4.60 target price (down from $5.00) on shares of SouFun Holdings Limited in a research report on Wednesday, June 21st. Five investment 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. SouFun Holdings Limited has an average rating of “Hold” and a consensus target price of $3.84.

SouFun Holdings Limited (NYSE:SFUN) opened at 3.40 on Monday. The stock’s market capitalization is $1.50 billion. SouFun Holdings Limited has a 52-week low of $2.46 and a 52-week high of $4.81. The firm has a 50-day moving average of $3.22 and a 200-day moving average of $3.29.

SouFun Holdings Limited (NYSE:SFUN) last posted its quarterly earnings results on Tuesday, June 20th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The company had revenue of $109.80 million during the quarter, compared to analyst estimates of $123.73 million. SouFun Holdings Limited had a negative return on equity of 14.64% and a negative net margin of 8.27%. The business’s revenue for the quarter was down 46.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) earnings per share. On average, equities analysts expect that SouFun Holdings Limited will post $0.09 EPS for the current year.

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Several institutional investors have recently made changes to their positions in SFUN. Fosun International Ltd increased its position in shares of SouFun Holdings Limited by 13.4% in the first quarter. Fosun International Ltd now owns 25,107,453 shares of the information services provider’s stock worth $81,850,000 after buying an additional 2,974,909 shares in the last quarter. FIL Ltd increased its position in shares of SouFun Holdings Limited by 581.0% in the first quarter. FIL Ltd now owns 3,265,780 shares of the information services provider’s stock worth $10,646,000 after buying an additional 2,786,255 shares in the last quarter. SG Americas Securities LLC increased its position in shares of SouFun Holdings Limited by 216.2% in the first quarter. SG Americas Securities LLC now owns 93,818 shares of the information services provider’s stock worth $306,000 after buying an additional 64,148 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SouFun Holdings Limited by 679.8% in the first quarter. JPMorgan Chase & Co. now owns 1,087,291 shares of the information services provider’s stock worth $3,544,000 after buying an additional 947,858 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in SouFun Holdings Limited by 19.4% in the first quarter. Penserra Capital Management LLC now owns 96,912 shares of the information services provider’s stock worth $315,000 after buying an additional 15,725 shares during the period. 50.21% of the stock is owned by institutional investors.

SouFun Holdings Limited Company Profile

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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