Westpac Banking Corp bought a new position in SouFun Holdings Ltd. (NYSE:SFUN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 157,400 shares of the company’s stock, valued at approximately $792,000.
Other institutional investors also recently made changes to their positions in the company. Greenwoods Asset Management Ltd boosted its stake in shares of SouFun Holdings by 3.5% in the first quarter. Greenwoods Asset Management Ltd now owns 27,982,200 shares of the company’s stock valued at $167,613,000 after buying an additional 944,200 shares in the last quarter. Prime Capital Management Co Ltd boosted its stake in shares of SouFun Holdings by 71.3% in the first quarter. Prime Capital Management Co Ltd now owns 7,880,398 shares of the company’s stock valued at $47,204,000 after buying an additional 3,280,114 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of SouFun Holdings by 134.1% in the second quarter. Vanguard Group Inc. now owns 1,428,523 shares of the company’s stock valued at $7,185,000 after buying an additional 818,390 shares in the last quarter. Societe Generale acquired a new stake in shares of SouFun Holdings during the second quarter valued at approximately $6,969,000. Finally, SG Americas Securities LLC boosted its position in shares of SouFun Holdings by 82.8% in the second quarter. SG Americas Securities LLC now owns 1,385,515 shares of the company’s stock worth $6,969,000 after buying an additional 627,428 shares in the last quarter. 51.69% of the stock is owned by institutional investors.
Shares of SouFun Holdings Ltd. (NYSE:SFUN) traded down 0.334% during mid-day trading on Monday, hitting $4.475. 138,011 shares of the stock were exchanged. The stock’s 50 day moving average price is $4.55 and its 200-day moving average price is $5.21. SouFun Holdings Ltd. has a 12-month low of $4.27 and a 12-month high of $8.17. The stock’s market capitalization is $2.12 billion.
SouFun Holdings (NYSE:SFUN) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The business earned $287 million during the quarter, compared to analyst estimates of $269.76 million. SouFun Holdings had a negative net margin of 18.43% and a negative return on equity of 38.20%. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. On average, equities research analysts expect that SouFun Holdings Ltd. will post ($0.34) EPS for the current fiscal year.
A number of brokerages recently issued reports on SFUN. TheStreet cut shares of SouFun Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Zacks Investment Research cut shares of SouFun Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $4.50 price objective on shares of SouFun Holdings in a report on Wednesday, August 31st. Credit Agricole SA cut shares of SouFun Holdings from an “underperform” rating to a “sell” rating and reduced their price target for the company from $6.00 to $4.50 in a report on Friday, August 26th. Finally, Brean Capital initiated coverage on shares of SouFun Holdings in a report on Tuesday, June 7th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.22.
About SouFun Holdings
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. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services.
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