Shares of Fang Holdings Ltd (NYSE:SFUN) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $4.57.
A number of research analysts have recently weighed in on SFUN shares. Bank of America reissued a “buy” rating and set a $4.63 target price (down from $5.30) on shares of Fang in a research report on Tuesday, December 26th. Zacks Investment Research raised shares of Fang from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Tuesday, January 23rd. Finally, ValuEngine downgraded shares of Fang from a “hold” rating to a “sell” rating in a report on Friday, December 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new position in Fang in the 3rd quarter worth approximately $433,000. Virtu Financial LLC boosted its holdings in Fang by 604.1% in the 4th quarter. Virtu Financial LLC now owns 124,938 shares of the information services provider’s stock worth $697,000 after buying an additional 107,193 shares during the period. Bank of Montreal Can boosted its holdings in Fang by 29.3% in the 4th quarter. Bank of Montreal Can now owns 158,620 shares of the information services provider’s stock worth $885,000 after buying an additional 35,987 shares during the period. Penserra Capital Management LLC lifted its stake in Fang by 15.4% in the 4th quarter. Penserra Capital Management LLC now owns 658,466 shares of the information services provider’s stock worth $3,674,000 after purchasing an additional 87,708 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in Fang in the 4th quarter worth approximately $4,928,000. 47.94% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This article was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3295877/fang-holdings-ltd-sfun-receives-consensus-recommendation-of-hold-from-brokerages.html.
Fang Company Profile
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.
Receive News & Ratings for Fang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fang and related companies with MarketBeat.com's FREE daily email newsletter.