Northern Trust Corp decreased its position in shares of SouFun Holdings Limited (NYSE:SFUN) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,097 shares of the information services provider’s stock after selling 35,560 shares during the quarter. Northern Trust Corp owned 0.08% of SouFun worth $1,254,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Profund Advisors LLC boosted its stake in shares of SouFun by 21.9% during the 2nd quarter. Profund Advisors LLC now owns 46,110 shares of the information services provider’s stock worth $171,000 after acquiring an additional 8,285 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of SouFun by 5.5% during the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock worth $158,000 after acquiring an additional 2,223 shares in the last quarter. Davis Selected Advisers boosted its stake in shares of SouFun by 33.3% during the 2nd quarter. Davis Selected Advisers now owns 27,239,493 shares of the information services provider’s stock worth $101,059,000 after acquiring an additional 6,803,651 shares in the last quarter. Contrarius Investment Management Ltd boosted its stake in shares of SouFun by 4.6% during the 2nd quarter. Contrarius Investment Management Ltd now owns 1,275,889 shares of the information services provider’s stock worth $4,734,000 after acquiring an additional 56,476 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of SouFun by 236.6% during the 2nd quarter. Penserra Capital Management LLC now owns 326,174 shares of the information services provider’s stock worth $1,210,000 after acquiring an additional 229,262 shares in the last quarter. 45.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of SouFun Holdings Limited (NYSE SFUN) traded up $0.11 during trading on Wednesday, hitting $4.40. The company had a trading volume of 1,739,100 shares, compared to its average volume of 2,479,186. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.03 and a quick ratio of 1.03. SouFun Holdings Limited has a 1 year low of $2.46 and a 1 year high of $5.27.
SouFun (NYSE:SFUN) last issued its quarterly earnings data on Friday, November 17th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. SouFun had a negative return on equity of 3.20% and a negative net margin of 1.83%. The firm had revenue of $112.20 million during the quarter, compared to the consensus estimate of $106.39 million. During the same period in the previous year, the firm posted ($0.03) EPS. The company’s quarterly revenue was down 55.1% compared to the same quarter last year. analysts forecast that SouFun Holdings Limited will post 0.08 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. BidaskClub raised SouFun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded SouFun from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Thursday, November 23rd. Finally, ValuEngine downgraded SouFun from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. SouFun presently has a consensus rating of “Hold” and an average target price of $4.24.
SouFun 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.
Want to see what other hedge funds are holding SFUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SouFun Holdings Limited (NYSE:SFUN).
Receive News & Ratings for SouFun Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SouFun Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.