Today: SouFun Holdings Ltd. (SFUN) Cut to “Reduce” at Nomura

Today: SouFun Holdings Ltd. (SFUN) Cut to “Reduce” at Nomura

SouFun Holdings Ltd. (NYSE:SFUN) was downgraded by equities research analysts at Nomura from a “buy” rating to a “reduce” rating in a report released on Monday.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded SouFun Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. TheStreet downgraded SouFun Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $4.50 price target on shares of SouFun Holdings in a research report on Wednesday, August 31st. downgraded SouFun Holdings from an “underperform” rating to a “sell” rating and reduced their price target for the stock from $6.00 to $4.50 in a research report on Friday, August 26th. Finally, Brean Capital reaffirmed a “hold” rating on shares of SouFun Holdings in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.70.

Shares of SouFun Holdings (NYSE:SFUN) traded down 15.74% during trading on Monday, reaching $2.89. 14,135,616 shares of the company were exchanged. The company has a 50 day moving average price of $3.37 and a 200-day moving average price of $4.55. SouFun Holdings has a one year low of $2.80 and a one year high of $7.52. The stock’s market capitalization is $1.37 billion.

SouFun Holdings (NYSE:SFUN) last released its quarterly earnings results on Monday, November 28th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. SouFun Holdings had a negative return on equity of 36.04% and a negative net margin of 18.43%. The firm earned $250.10 million during the quarter, compared to the consensus estimate of $296.46 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The business’s revenue was up .6% on a year-over-year basis. Equities analysts predict that SouFun Holdings will post ($0.36) EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its stake in shares of SouFun Holdings by 28.0% in the third quarter. BlackRock Fund Advisors now owns 4,298,587 shares of the company’s stock valued at $19,301,000 after buying an additional 939,849 shares in the last quarter. State Street Corp increased its stake in shares of SouFun Holdings by 84.7% in the second quarter. State Street Corp now owns 3,905,360 shares of the company’s stock valued at $19,643,000 after buying an additional 1,791,212 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of SouFun Holdings by 13.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,763,457 shares of the company’s stock valued at $16,898,000 after buying an additional 455,309 shares in the last quarter. BlackRock Group LTD increased its stake in shares of SouFun Holdings by 3.8% in the third quarter. BlackRock Group LTD now owns 3,026,673 shares of the company’s stock valued at $13,590,000 after buying an additional 111,684 shares in the last quarter. Finally, Hillhouse Capital Management Ltd. acquired a new stake in shares of SouFun Holdings during the third quarter valued at about $6,735,000. 47.86% of the stock is owned by institutional investors and hedge funds.

About SouFun Holdings

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Today, The SouFun Holdings Ltd. (SFUN) Cut to “Reduce” at Nomura

Today, The      SouFun Holdings Ltd. (SFUN) Cut to “Reduce” at Nomura

Nomura cut shares of SouFun Holdings Ltd. (NYSE:SFUN) from a buy rating to a reduce rating in a research note released on Monday morning. Nomura currently has $3.03 price objective on the stock, down from their prior price objective of $6.79.

SFUN has been the topic of several other research reports. Zacks Investment Research upgraded SouFun Holdings from a hold rating to a buy rating and set a $5.00 price target on the stock in a research note on Wednesday, September 28th. JPMorgan Chase & Co. restated a neutral rating and set a $4.50 price objective on shares of SouFun Holdings in a research note on Wednesday, August 31st. TheStreet cut SouFun Holdings from a hold rating to a sell rating in a research note on Tuesday, September 13th. cut SouFun Holdings from an underperform rating to a sell rating and cut their price objective for the company from $6.00 to $4.50 in a research note on Friday, August 26th. Finally, Brean Capital restated a hold rating on shares of SouFun Holdings in a research note on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of Hold and an average price target of $3.55.

Shares of SouFun Holdings (NYSE:SFUN) opened at 2.93 on Monday. The stock has a 50 day moving average price of $3.34 and a 200 day moving average price of $4.51. SouFun Holdings has a 12-month low of $2.80 and a 12-month high of $7.52. The firm’s market capitalization is $1.39 billion.

SouFun Holdings (NYSE:SFUN) last released its quarterly earnings results on Monday, November 28th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. SouFun Holdings had a negative return on equity of 32.53% and a negative net margin of 19.01%. The business had revenue of $250.10 million for the quarter, compared to analysts’ expectations of $296.46 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was up .6% compared to the same quarter last year. Analysts predict that SouFun Holdings will post ($0.36) EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of SouFun Holdings by 141.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,308,148 shares of the company’s stock valued at $16,640,000 after buying an additional 1,939,201 shares during the last quarter. State Street Corp raised its position in SouFun Holdings by 84.7% in the second quarter. State Street Corp now owns 3,905,360 shares of the company’s stock valued at $19,643,000 after buying an additional 1,791,212 shares during the period. BlackRock Fund Advisors raised its position in SouFun Holdings by 96.3% in the second quarter. BlackRock Fund Advisors now owns 3,358,738 shares of the company’s stock valued at $16,894,000 after buying an additional 1,647,933 shares during the period. Hillhouse Capital Management Ltd. bought a new position in SouFun Holdings during the third quarter valued at approximately $6,735,000. Finally, BlackRock Group LTD raised its position in SouFun Holdings by 104.0% in the second quarter. BlackRock Group LTD now owns 2,914,989 shares of the company’s stock valued at $14,662,000 after buying an additional 1,485,886 shares during the period. Hedge funds and other institutional investors own 47.86% of the company’s stock.

SouFun Holdings Company Profile

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