JPMorgan Chase & Co. boosted its stake in shares of SouFun Holdings Limited (NYSE:SFUN) by 679.8% during the first quarter, Holdings Channel reports. The firm owned 1,087,291 shares of the information services provider’s stock after buying an additional 947,858 shares during the period. JPMorgan Chase & Co.’s holdings in SouFun Holdings Limited were worth $3,544,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new stake in shares of SouFun Holdings Limited during the fourth quarter valued at $404,000. Acrospire Investment Management LLC purchased a new stake in shares of SouFun Holdings Limited during the first quarter valued at $101,000. Profund Advisors LLC increased its stake in shares of SouFun Holdings Limited by 59.7% in the first quarter. Profund Advisors LLC now owns 37,825 shares of the information services provider’s stock valued at $123,000 after buying an additional 14,134 shares during the period. Stevens Capital Management LP increased its stake in shares of SouFun Holdings Limited by 290.7% in the first quarter. Stevens Capital Management LP now owns 87,857 shares of the information services provider’s stock valued at $286,000 after buying an additional 65,369 shares during the period. Finally, Conning Inc. purchased a new stake in shares of SouFun Holdings Limited during the first quarter valued at $4,403,000. Institutional investors own 50.07% of the company’s stock.
Shares of SouFun Holdings Limited (NYSE:SFUN) opened at 3.16 on Monday. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $5.64. The stock’s 50 day moving average is $3.48 and its 200 day moving average is $3.33. The firm’s market capitalization is $1.40 billion.
SouFun Holdings Limited (NYSE:SFUN) last issued its 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. SouFun Holdings Limited had a negative net margin of 8.27% and a negative return on equity of 14.64%. The company had revenue of $109.80 million during the quarter, compared to analyst estimates of $123.73 million. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s quarterly revenue was down 46.3% on a year-over-year basis. Equities analysts predict that SouFun Holdings Limited will post $0.09 earnings per share for the current year.
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Several equities research analysts have weighed in on SFUN shares. Benchmark Co. started coverage on shares of SouFun Holdings Limited in a research note on Tuesday, April 18th. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of SouFun Holdings Limited from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday, July 5th. T.H. Capital lowered their target price on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, June 16th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $4.60 price objective (down from $5.00) on shares of SouFun Holdings Limited in a research note on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.84.
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.
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