First Trust Advisors LP lifted its holdings in SouFun Holdings Limited (NYSE:SFUN) by 20.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,116 shares of the information services provider’s stock after buying an additional 88,599 shares during the period. First Trust Advisors LP owned about 0.16% of SouFun Holdings Limited worth $1,959,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Profund Advisors LLC boosted its position in SouFun Holdings Limited by 59.7% during the first quarter. Profund Advisors LLC now owns 37,825 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 14,134 shares during the last quarter. Penserra Capital Management LLC boosted its position in SouFun Holdings Limited by 19.4% during the first quarter. Penserra Capital Management LLC now owns 96,912 shares of the information services provider’s stock valued at $315,000 after purchasing an additional 15,725 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in SouFun Holdings Limited during the first quarter valued at $101,000. SG Americas Securities LLC boosted its position in SouFun Holdings Limited by 216.2% during the first quarter. SG Americas Securities LLC now owns 93,818 shares of the information services provider’s stock valued at $306,000 after purchasing an additional 64,148 shares during the last quarter. Finally, Stevens Capital Management LP boosted its position in SouFun Holdings Limited by 290.7% during the first quarter. Stevens Capital Management LP now owns 87,857 shares of the information services provider’s stock valued at $286,000 after purchasing an additional 65,369 shares during the last quarter. 46.19% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on SFUN. UBS AG cut SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. BidaskClub raised SouFun Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut SouFun Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Bank of America Corporation restated a “buy” rating and set a $4.60 target price (down from $5.00) on shares of SouFun Holdings Limited in a report on Wednesday, June 21st. Finally, T.H. Capital cut their target price on SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, June 16th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. SouFun Holdings Limited presently has a consensus rating of “Hold” and a consensus target price of $3.73.
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SouFun Holdings Limited (SFUN) opened at 4.12 on Tuesday. The company’s market capitalization is $1.79 billion. SouFun Holdings Limited has a 12-month low of $2.46 and a 12-month high of $4.63. The firm’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.32.
SouFun Holdings Limited (NYSE:SFUN) last posted its quarterly earnings data on Tuesday, August 29th. The information services provider reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.03. 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 for the quarter, compared to analyst estimates of $131.83 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was down 61.6% on a year-over-year basis. On average, equities research analysts expect that SouFun Holdings Limited will post $0.04 EPS for the current fiscal year.
SouFun Holdings Limited 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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