SouFun Holdings Ltd. (NYSE:SFUN) posted its earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $250.10 million for the quarter, compared to analyst estimates of $296.46 million. During the same period last year, the company earned ($0.08) earnings per share. The business’s revenue was up .6% compared to the same quarter last year.
Shares of SouFun Holdings (NYSE:SFUN) opened at 3.43 on Monday. SouFun Holdings has a 52-week low of $2.80 and a 52-week high of $7.52. The firm’s market capitalization is $1.63 billion. The company’s 50-day moving average price is $3.37 and its 200-day moving average price is $4.55.
A number of institutional investors have recently made changes to their positions in SFUN. Pictet Asset Management Ltd. raised its position in shares of SouFun Holdings by 142.8% in the second quarter. Pictet Asset Management Ltd. now owns 437,316 shares of the company’s stock worth $2,375,000 after buying an additional 257,200 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of SouFun Holdings by 105.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 464,952 shares of the company’s stock valued at $2,339,000 after buying an additional 239,052 shares during the period. Teachers Advisors Inc. boosted its stake in shares of SouFun Holdings by 148.1% in the second quarter. Teachers Advisors Inc. now owns 110,728 shares of the company’s stock valued at $557,000 after buying an additional 66,100 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of SouFun Holdings during the second quarter valued at approximately $541,000. Finally, GAM Holding AG boosted its stake in shares of SouFun Holdings by 12.0% in the second quarter. GAM Holding AG now owns 145,600 shares of the company’s stock valued at $732,000 after buying an additional 15,600 shares during the period. 47.86% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded SouFun Holdings from a “strong sell” rating to a “hold” rating and set a $5.50 target price on the stock in a report on Thursday, August 11th. Nomura lowered their price target on 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 reaffirmed a “hold” rating on shares of SouFun Holdings in a research report on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $4.50 price target on shares of SouFun Holdings in a research report on Wednesday, August 31st. Finally, TheStreet downgraded 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, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.70.
About SouFun Holdings