Mizuho Trust & Banking Co. Ltd. continued to hold its position in SouFun Holdings Ltd. (NYSE:SFUN) during the third quarter, Holdings Channel reports. The fund owned 639,900 shares of the company’s stock at the end of the third quarter. Mizuho Trust & Banking Co. Ltd. owned about 0.13% of SouFun Holdings worth $2,873,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Alta Advisers Ltd boosted its position in SouFun Holdings by 157.5% in the second quarter. Alta Advisers Ltd now owns 22,400 shares of the company’s stock worth $113,000 after buying an additional 13,700 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in SouFun Holdings by 128.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,800 shares of the company’s stock worth $115,000 after buying an additional 12,800 shares during the last quarter. DIAM Co. Ltd. boosted its position in SouFun Holdings by 112.7% in the second quarter. DIAM Co. Ltd. now owns 23,400 shares of the company’s stock worth $116,000 after buying an additional 12,400 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in SouFun Holdings during the second quarter worth about $128,000. Finally, Aviva PLC boosted its position in SouFun Holdings by 150.4% in the second quarter. Aviva PLC now owns 28,800 shares of the company’s stock worth $145,000 after buying an additional 17,300 shares during the last quarter. Hedge funds and other institutional investors own 48.56% of the company’s stock.
SouFun Holdings Ltd. (NYSE:SFUN) traded up 7.52% during midday trading on Friday, hitting $3.43. The stock had a trading volume of 5,258,420 shares. The stock’s 50-day moving average is $3.37 and its 200-day moving average is $4.55. The company’s market capitalization is $1.63 billion. SouFun Holdings Ltd. has a 1-year low of $2.80 and a 1-year high of $7.52.
SouFun Holdings (NYSE:SFUN) last announced its earnings results on Thursday, August 25th. The company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.04. SouFun Holdings had a negative return on equity of 36.04% and a negative net margin of 18.43%. The company had revenue of $287 million for the quarter, compared to analysts’ expectations of $269.76 million. During the same period last year, the firm earned $0.04 EPS. SouFun Holdings’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities research analysts forecast that SouFun Holdings Ltd. will post ($0.36) EPS for the current year.
SFUN has been the subject of a number of research reports. Zacks Investment Research upgraded SouFun Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Wednesday, September 28th. Nomura cut their price objective on SouFun Holdings from $7.94 to $6.79 and set a “buy” rating for the company in a report on Wednesday, August 10th. Brean Capital reiterated a “hold” rating on shares of SouFun Holdings in a report on Tuesday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $4.50 price objective on shares of SouFun Holdings in a report on Wednesday, August 31st. Finally, TheStreet cut SouFun Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.70.
SouFun Holdings 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.