SouFun Holdings Limited (SFUN) is Greenwoods Asset Management Ltd’s 8th Largest Position

Greenwoods Asset Management Ltd trimmed its stake in SouFun Holdings Limited (NYSE:SFUN) by 63.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,060,369 shares of the information services provider’s stock after selling 15,761,831 shares during the period. SouFun Holdings Limited accounts for about 3.9% of Greenwoods Asset Management Ltd’s investment portfolio, making the stock its 8th biggest holding. Greenwoods Asset Management Ltd owned about 2.05% of SouFun Holdings Limited worth $33,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Davis Selected Advisers lifted its position in shares of SouFun Holdings Limited by 33.3% in the 2nd quarter. Davis Selected Advisers now owns 27,239,493 shares of the information services provider’s stock worth $101,059,000 after purchasing an additional 6,803,651 shares during the period. Fosun International Ltd lifted its position in shares of SouFun Holdings Limited by 13.4% in the 1st quarter. Fosun International Ltd now owns 25,107,453 shares of the information services provider’s stock worth $81,850,000 after purchasing an additional 2,974,909 shares during the period. Bank of America Corp DE lifted its position in shares of SouFun Holdings Limited by 6.1% in the 1st quarter. Bank of America Corp DE now owns 9,057,448 shares of the information services provider’s stock worth $29,527,000 after purchasing an additional 519,731 shares during the period. FIL Ltd lifted its position in shares of SouFun Holdings Limited by 581.0% in the 1st quarter. FIL Ltd now owns 3,265,780 shares of the information services provider’s stock worth $10,646,000 after purchasing an additional 2,786,255 shares during the period. Finally, Contrarius Investment Management Ltd lifted its position in shares of SouFun Holdings Limited by 4.6% in 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 purchasing an additional 56,476 shares during the period. 46.19% of the stock is owned by hedge funds and other institutional investors.

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Shares of SouFun Holdings Limited (NYSE:SFUN) traded down 2.09% on Friday, reaching $4.22. 3,639,887 shares of the company’s stock traded hands. SouFun Holdings Limited has a 12-month low of $2.46 and a 12-month high of $4.70. The company’s market cap is $1.84 billion. The stock has a 50-day moving average price of $3.56 and a 200-day moving average price of $3.36.

SouFun Holdings Limited (NYSE:SFUN) last released its quarterly earnings results on Tuesday, August 29th. The information services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). The firm had revenue of $110.09 million for the quarter, compared to analysts’ expectations of $131.83 million. SouFun Holdings Limited had a negative net margin of 4.57% and a negative return on equity of 8.80%. The business’s quarterly revenue was down 61.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) earnings per share. Equities research analysts anticipate that SouFun Holdings Limited will post $0.04 EPS for the current fiscal year.

Several research firms have recently commented on SFUN. BidaskClub raised shares of SouFun Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research cut shares of SouFun Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $4.60 target price (down from $5.00) on shares of SouFun Holdings Limited in a research report on Wednesday, June 21st. T.H. Capital lowered their price target on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, June 16th. Finally, UBS AG cut shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $3.73.

SouFun Holdings Limited 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 Holdings Limited (NYSE:SFUN)

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