Shares of Leju Holdings Limited (NYSE:LEJU) dropped 5.6% during trading on Thursday . The company traded as low as $1.84 and last traded at $1.87. Approximately 666,818 shares traded hands during trading, an increase of 510% from the average daily volume of 109,261 shares. The stock had previously closed at $1.98.

LEJU has been the subject of a number of analyst reports. BidaskClub raised shares of Leju Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of Leju Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised shares of Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average target price of $2.10.

Leju Holdings Limited (NYSE:LEJU) last posted its quarterly earnings data on Thursday, August 31st. The financial services provider reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.48). Leju Holdings Limited had a negative net margin of 27.57% and a negative return on equity of 31.88%. The firm had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $78.58 million. During the same period in the prior year, the company posted $0.11 earnings per share. Leju Holdings Limited’s quarterly revenue was down 41.4% compared to the same quarter last year. analysts predict that Leju Holdings Limited will post -0.9 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of Leju Holdings Limited by 6.9% in the 1st quarter. Renaissance Technologies LLC now owns 331,300 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 21,300 shares during the period. Freestone Capital Holdings LLC increased its holdings in shares of Leju Holdings Limited by 18.6% in the 2nd quarter. Freestone Capital Holdings LLC now owns 950,451 shares of the financial services provider’s stock valued at $1,749,000 after purchasing an additional 149,356 shares during the period. Finally, Contrarius Investment Management Ltd increased its holdings in shares of Leju Holdings Limited by 2.8% in the 3rd quarter. Contrarius Investment Management Ltd now owns 3,828,235 shares of the financial services provider’s stock valued at $6,470,000 after purchasing an additional 103,567 shares during the period. Institutional investors own 4.44% of the company’s stock.

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Leju Holdings Limited Company Profile

Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.

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