State Street Corp Has $4.69 Million Stake in SouFun Holdings Limited (SFUN)

State Street Corp increased its stake in SouFun Holdings Limited (NYSE:SFUN) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,263,103 shares of the information services provider’s stock after acquiring an additional 9,560 shares during the period. State Street Corp owned approximately 0.29% of SouFun worth $4,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in SouFun 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. Profund Advisors LLC raised its stake in SouFun by 21.9% in the second quarter. Profund Advisors LLC now owns 46,110 shares of the information services provider’s stock valued at $171,000 after buying an additional 8,285 shares in the last quarter. BB&T Securities LLC raised its stake in SouFun 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. Royal Bank of Canada raised its stake in SouFun by 39.9% in the second quarter. Royal Bank of Canada now owns 88,871 shares of the information services provider’s stock valued at $330,000 after buying an additional 25,359 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in SouFun by 259.2% in the second quarter. Bank of Montreal Can now owns 153,830 shares of the information services provider’s stock valued at $571,000 after buying an additional 111,010 shares in the last quarter. Institutional investors and hedge funds own 45.35% of the company’s stock.

A number of analysts have weighed in on SFUN shares. Zacks Investment Research cut SouFun from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 2nd. BidaskClub upgraded SouFun from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, ValuEngine cut SouFun from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. SouFun presently has a consensus rating of “Hold” and a consensus price target of $4.24.

Shares of SouFun Holdings Limited (SFUN) traded down $0.09 during mid-day trading on Thursday, hitting $4.31. The company’s stock had a trading volume of 3,908,600 shares, compared to its average volume of 2,485,273. SouFun Holdings Limited has a 12 month low of $2.46 and a 12 month high of $5.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03.

SouFun (NYSE:SFUN) last issued its quarterly earnings data on Friday, November 17th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $112.20 million for the quarter, compared to analyst estimates of $106.39 million. SouFun had a negative return on equity of 3.20% and a negative net margin of 1.83%. The business’s quarterly revenue was down 55.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) earnings per share. analysts predict that SouFun Holdings Limited will post 0.08 earnings per share for the current year.

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SouFun 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.

Institutional Ownership by Quarter for SouFun (NYSE:SFUN)

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