Economy

SouFun Holdings Limited (SFUN) Cut to "Strong Sell" at Zacks Investment Research

SouFun Holdings Limited (SFUN) Cut to

The firm owned 55,847 shares of the information services provider's stock after purchasing an additional 45,609 shares during the period.

11/12/2015 - SouFun Holdings Limited had its "overweight" rating reiterated by analysts at Barclays. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.24%. Wells Fargo & Company MN boosted its holdings in shares of SouFun Holdings Limited by 5.5% during the second quarter. The stock exchanged hands 1.17 Million shares versus average trading capacity of 2.44 Million shares, yielding a market cap of $1.68 Billion. The value of the company's investment in Fang Holdings Limited American went from $164,000 to $564,000 increasing 243.9% for the reporting period. SouFun Holdings Limited has a 12-month low of $2.46 and a 12-month high of $4.63. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/09/08/analysts-set-soufun-holdings-limited-sfun-price-target-at-3-63.html. JPMorgan Chase & Co. increased its position in SouFun Holdings Limited by 679.8% during the 1st quarter. First Trust Advisors LP now owns 439,517 shares of the information services provider's stock valued at $1,433,000 after acquiring an additional 119,465 shares during the last quarter. Finally, First Trust Advisors LP increased its position in SouFun Holdings Limited by 20.2% during the 2nd quarter.

Large investors have recently bought and sold shares of the company.

Other equities research analysts have also issued research reports about the stock. BidaskClub upgraded SouFun Holdings Limited from a "hold" rating to a "buy" rating in a research note on Friday.

On Friday June 16, 2017, T.H. Capital released a statement on Fang Holdings Ltd (NYSE:SFUN) dropped the target price from $9.00 to $4.50 that suggested an upside of 0.32%.

SouFun Holdings Limited had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. The stock now has a consensus rating of "Hold" and an average target price of $3.73.

TRADEMARK VIOLATION NOTICE: This article was first published by StockNewsTimes and is owned by of StockNewsTimes.

Company chares are trading at $3.85 which is significantly higher than the 50 day moving average of $3.38 and significantly above the 200 day moving average of $3.31. The company's beta value is at 1.2. The company has a 50-day moving average of $3.38 and a 200-day moving average of $3.31.

A few notable investment firms have updated their holdings.

As of the latest earnings report the EPS was $-0.07 and is estimated to be $0.04 for the current year with 435,057,000 shares now outstanding. SouFun Holdings Limited had a negative return on equity of 8.80% and a negative net margin of 4.57%. The business had revenue of $110.09 million during the quarter, compared to analysts' expectations of $131.83 million. During the same period in the previous year, the company earned ($0.08) EPS. However the company reported $-0.03 earnings per share for the same quarter during past year.

05/25/2017 - SouFun Holdings Limited was downgraded to "neutral" by analysts at UBS.

Fang Holdings Limited, formerly SouFun Holdings Limited, launched on June 17, 2004, operates as a real estate Internet portal in China.



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