Royal Bank of Canada Has $330,000 Holdings in SouFun Holdings Limited (SFUN)

Royal Bank of Canada increased its stake in SouFun Holdings Limited (NYSE:SFUN) by 39.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,871 shares of the information services provider’s stock after buying an additional 25,359 shares during the period. Royal Bank of Canada’s holdings in SouFun were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Profund Advisors LLC lifted its holdings 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 valued at $171,000 after buying an additional 8,285 shares during the period. Wells Fargo & Company MN lifted its holdings 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 valued at $158,000 after buying an additional 2,223 shares during the period. Davis Selected Advisers lifted its holdings 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 valued at $101,059,000 after buying an additional 6,803,651 shares during the period. Contrarius Investment Management Ltd lifted its holdings 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 valued at $4,734,000 after buying an additional 56,476 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings 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 valued at $1,210,000 after buying an additional 229,262 shares during the period. Institutional investors own 45.35% of the company’s stock.

Shares of SouFun Holdings Limited (NYSE SFUN) traded down $0.16 during trading on Monday, hitting $4.29. The stock had a trading volume of 1,643,885 shares, compared to its average volume of 2,482,367. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.52. SouFun Holdings Limited has a 52-week low of $2.46 and a 52-week high of $5.27.

SouFun (NYSE:SFUN) last announced its quarterly earnings results on Friday, November 17th. The information services provider reported $0.03 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.03. SouFun had a negative net margin of 1.83% and a negative return on equity of 3.20%. The firm had revenue of $112.20 million during the quarter, compared to the consensus estimate of $106.39 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was down 55.1% compared to the same quarter last year. analysts anticipate that SouFun Holdings Limited will post 0.08 earnings per share for the current fiscal year.

A number of brokerages recently commented on SFUN. ValuEngine cut SouFun from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised SouFun from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Thursday, November 23rd. Finally, BidaskClub upgraded SouFun from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.24.

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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.

Institutional Ownership by Quarter for SouFun (NYSE:SFUN)

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