The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! The stock decreased 3.56% or $0.16 during the last trading session, hitting $4.33. About 2.83M shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 23.77% since March 1, 2016 and is downtrending. It has underperformed by 35.98% the S&P500.
The move comes after 6 months negative chart setup for the $2.02B company. It was reported on Oct, 4 by Barchart.com. We have $3.94 PT which if reached, will make NYSE:SFUN worth $181.80 million less.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by CSLA on Monday, October 19. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Overweight” rating given on Monday, March 21 by Morgan Stanley. CLSA downgraded the shares of SFUN in a report on Friday, August 26 to “Sell” rating. Nomura maintained the shares of SFUN in a report on Wednesday, August 10 with “Buy” rating. CLSA downgraded the shares of SFUN in a report on Monday, August 10 to “Buy” rating. Goldman Sachs downgraded the shares of SFUN in a report on Monday, November 30 to “Neutral” rating. The stock has “Buy” rating given by Credit Agricole on Thursday, September 3. As per Tuesday, August 4, the company rating was upgraded by TH Capital. Brean Capital initiated the shares of SFUN in a report on Tuesday, June 7 with “Hold” rating. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Outperform” rating given on Monday, October 19 by Credit Agricole.
According to Zacks Investment Research, “SouFun Holdings Limited is a real estate Internet portal and home furnishing and improvement website in China. SouFun obtains its advertisements from online real estate advertisers. It has built a large and active community of users who are attracted by the comprehensive real estate, home furnishing and improvement content available on its portal which form the foundation of the Company’s service offerings. SouFun maintains many offices in order to focus on local market needs and covers many cities providing real estate-related content, search services, marketing and listing services in China. SouFun Holdings Limited is headquartered in Beijing, China.”
More notable recent Fang Holdings Ltd (NYSE:SFUN) news were published by: Streetinsider.com which released: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on October 08, 2010, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about Fang Holdings Ltd (NYSE:SFUN) were released by: Prnewswire.com and their article: “Fang Announces Results of 2016 Annual General Meeting” published on September 09, 2016 as well as Prnewswire.com‘s news article titled: “SouFun Holdings Limited to Report Fourth Quarter 2015 Financial Results on …” with publication date: February 15, 2016.
SFUN Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, 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. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.
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