BidaskClub upgraded shares of SouFun Holdings Limited (NYSE:SFUN) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, November 7th.
Separately, Zacks Investment Research downgraded shares of SouFun from a buy rating to a hold rating in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. SouFun presently has an average rating of Hold and a consensus target price of $3.90.
Shares of SouFun (NYSE SFUN) traded down $0.06 during mid-day trading on Tuesday, hitting $4.70. 1,157,123 shares of the company were exchanged, compared to its average volume of 2,555,905. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.03 and a quick ratio of 1.01. SouFun has a 12-month low of $2.46 and a 12-month high of $5.27.
Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in SouFun by 106.5% during the third quarter. California Public Employees Retirement System now owns 392,990 shares of the information services provider’s stock worth $1,592,000 after purchasing an additional 202,690 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in SouFun during the third quarter worth about $433,000. Dimensional Fund Advisors LP purchased a new position in SouFun during the third quarter worth about $1,984,000. JPMorgan Chase & Co. raised its holdings in SouFun by 107.6% during the third quarter. JPMorgan Chase & Co. now owns 2,217,737 shares of the information services provider’s stock worth $8,871,000 after purchasing an additional 1,149,387 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in SouFun by 2,940.0% during the third quarter. SG Americas Securities LLC now owns 2,518,698 shares of the information services provider’s stock worth $10,201,000 after purchasing an additional 2,435,845 shares in the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.
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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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