Leju Holdings Ltd. (NYSE:LEJU) has been given an average rating of “Hold” by the six research firms that are covering the firm. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.63.
Several analysts have issued reports on LEJU shares. Zacks Investment Research raised shares of Leju Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Credit Agricole SA downgraded shares of Leju Holdings from an “underperform” rating to a “sell” rating and lowered their price objective for the company from $5.50 to $4.60 in a research report on Friday, August 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Leju Holdings in a research report on Wednesday, August 31st. They issued a “neutral” rating and a $4.60 price objective for the company.
Several institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in shares of Leju Holdings by 36.5% in the first quarter. Franklin Resources Inc. now owns 820,909 shares of the company’s stock valued at $4,277,000 after buying an additional 219,348 shares during the period. Contrarius Investment Management Ltd boosted its position in shares of Leju Holdings by 15.3% in the first quarter. Contrarius Investment Management Ltd now owns 3,994,856 shares of the company’s stock valued at $20,813,000 after buying an additional 529,071 shares during the period. HBK Investments L P boosted its position in shares of Leju Holdings by 272.0% in the first quarter. HBK Investments L P now owns 79,600 shares of the company’s stock valued at $415,000 after buying an additional 58,200 shares during the period. Renaissance Technologies LLC boosted its position in shares of Leju Holdings by 301.5% in the first quarter. Renaissance Technologies LLC now owns 189,100 shares of the company’s stock valued at $985,000 after buying an additional 142,000 shares during the period. Finally, Freestone Capital Holdings LLC boosted its position in shares of Leju Holdings by 28.6% in the second quarter. Freestone Capital Holdings LLC now owns 448,882 shares of the company’s stock valued at $2,087,000 after buying an additional 99,811 shares during the period. Institutional investors own 5.57% of the company’s stock.
Leju Holdings (NYSE:LEJU) opened at 4.55 on Thursday. The stock has a 50 day moving average of $4.43 and a 200-day moving average of $4.75. Leju Holdings has a one year low of $3.28 and a one year high of $7.57. The firm has a market capitalization of $846.30 million, a PE ratio of 22.64 and a beta of 3.07.
Leju Holdings (NYSE:LEJU) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Leju Holdings had a net margin of 4.59% and a return on equity of 8.76%. The company earned $158.30 million during the quarter, compared to the consensus estimate of $172.75 million. During the same quarter last year, the company earned $0.12 earnings per share. Leju Holdings’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts predict that Leju Holdings will post $0.37 EPS for the current year.
About Leju Holdings
Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.
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