Royal Bank of Canada Has $330,000 Stake in SouFun Holdings Limited (SFUN)

Royal Bank of Canada lifted its stake in shares of SouFun Holdings Limited (NYSE:SFUN) by 39.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,871 shares of the information services provider’s stock after acquiring an additional 25,359 shares during the period. Royal Bank of Canada’s holdings in SouFun Holdings Limited were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Profund Advisors LLC raised its holdings in SouFun Holdings Limited by 21.9% in the 2nd 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 during the period. Wells Fargo & Company MN raised its holdings in SouFun Holdings Limited by 5.5% in the 2nd 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 during the period. Davis Selected Advisers raised its holdings in SouFun Holdings Limited by 33.3% in the 2nd quarter. Davis Selected Advisers now owns 27,239,493 shares of the information services provider’s stock valued at $101,059,000 after buying an additional 6,803,651 shares during the period. Contrarius Investment Management Ltd raised its holdings in SouFun Holdings Limited by 4.6% in the 2nd quarter. Contrarius Investment Management Ltd now owns 1,275,889 shares of the information services provider’s stock valued at $4,734,000 after buying an additional 56,476 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in SouFun Holdings Limited by 236.6% in the 2nd quarter. Penserra Capital Management LLC now owns 326,174 shares of the information services provider’s stock valued at $1,210,000 after buying an additional 229,262 shares during the period. Institutional investors and hedge funds own 48.36% of the company’s stock.

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Shares of SouFun Holdings Limited (NYSE:SFUN) opened at $4.70 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54. SouFun Holdings Limited has a one year low of $2.46 and a one year high of $5.27.

SouFun Holdings Limited (NYSE:SFUN) last issued its quarterly earnings results on Friday, November 17th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 Holdings Limited had a negative net margin of 4.57% and a negative return on equity of 8.80%. The business’s revenue for the quarter was down 55.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. sell-side analysts forecast that SouFun Holdings Limited will post 0.06 earnings per share for the current year.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of SouFun Holdings Limited from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of SouFun Holdings Limited from a “hold” rating to a “strong sell” rating in a report on Saturday, September 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.73.

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.

Institutional Ownership by Quarter for SouFun Holdings Limited (NYSE:SFUN)

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