Ariose Capital Management Ltd purchased a new stake in shares of SouFun Holdings Ltd. (NYSE:SFUN) during the second quarter, Holdings Channel reports. The firm purchased 550,472 shares of the company’s stock, valued at approximately $2,769,000. SouFun Holdings makes up about 2.8% of Ariose Capital Management Ltd’s holdings, making the stock its 6th largest position.
Several other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in SouFun Holdings by 34.6% in the first quarter. Geode Capital Management LLC now owns 62,595 shares of the company’s stock valued at $371,000 after buying an additional 16,085 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of SouFun Holdings by 37.8% in the second quarter. Shell Asset Management Co. now owns 74,644 shares of the company’s stock worth $375,000 after buying an additional 20,456 shares during the period. Panagora Asset Management Inc. raised its stake in shares of SouFun Holdings by 77.7% in the first quarter. Panagora Asset Management Inc. now owns 66,639 shares of the company’s stock worth $399,000 after buying an additional 29,137 shares during the period. Altrinsic Global Advisors LLC raised its stake in shares of SouFun Holdings by 45.2% in the first quarter. Altrinsic Global Advisors LLC now owns 104,532 shares of the company’s stock worth $626,000 after buying an additional 32,538 shares during the period. Finally, Oasis Management Co Ltd. purchased a new stake in shares of SouFun Holdings during the first quarter worth about $217,000. Institutional investors and hedge funds own 51.69% of the company’s stock.
Shares of SouFun Holdings Ltd. (NYSE:SFUN) traded down 3.56% during trading on Monday, hitting $4.33. 2,813,292 shares of the stock were exchanged. SouFun Holdings Ltd. has a 12-month low of $4.27 and a 12-month high of $8.17. The stock’s market cap is $2.05 billion. The stock’s 50 day moving average is $4.55 and its 200-day moving average is $5.21.
SouFun Holdings (NYSE:SFUN) last released its earnings results on Thursday, August 25th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. SouFun Holdings had a negative net margin of 18.43% and a negative return on equity of 38.20%. The business had revenue of $287 million for the quarter, compared to the consensus estimate of $269.76 million. During the same period in the previous year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. Equities research analysts anticipate that SouFun Holdings Ltd. will post ($0.34) EPS for the current year.
A number of analysts recently issued reports on SFUN shares. Zacks Investment Research upgraded shares of SouFun Holdings from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, September 28th. Nomura decreased their target price on shares of SouFun Holdings from $7.94 to $6.79 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Brean Capital restated a “hold” rating on shares of SouFun Holdings in a research report on Tuesday, August 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $4.50 target price on shares of SouFun Holdings in a research report on Wednesday, August 31st. Finally, TheStreet lowered shares of SouFun Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.22.
SouFun Holdings Company Profile
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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