Fang (SFUN) Shares Gap Up to $1.96
Fang Holdings Ltd (NYSE:SFUN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.37, but opened at $1.96. Fang shares last traded at $1.90, with a volume of 57373 shares traded.
Several brokerages recently commented on SFUN. ValuEngine cut Fang from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th. Zacks Investment Research reaffirmed a “buy” rating and issued a $2.25 price target on shares of Fang in a report on Thursday, November 15th. Finally, Credit Suisse Group downgraded shares of Fang from a “neutral” rating to an “underperform” rating and cut their target price for the company from $3.20 to $1.60 in a research note on Monday, December 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $2.48.
The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.65. The firm has a market cap of $668.81 million, a P/E ratio of 94.25 and a beta of 1.09.
Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Fang by 140.6% during the 2nd quarter. BlackRock Inc. now owns 9,579,253 shares of the information services provider’s stock worth $37,168,000 after acquiring an additional 5,597,763 shares during the last quarter. River & Mercantile Asset Management LLP raised its position in shares of Fang by 132.7% during the third quarter. River & Mercantile Asset Management LLP now owns 2,405,329 shares of the information services provider’s stock valued at $6,242,000 after buying an additional 1,371,572 shares during the last quarter. Krane Funds Advisors LLC raised its position in shares of Fang by 31.6% during the third quarter. Krane Funds Advisors LLC now owns 2,685,352 shares of the information services provider’s stock valued at $6,955,000 after buying an additional 644,057 shares during the last quarter. Northern Trust Corp raised its position in Fang by 187.4% in the second quarter. Northern Trust Corp now owns 980,901 shares of the information services provider’s stock worth $3,806,000 after purchasing an additional 639,653 shares in the last quarter. Finally, Andra AP fonden acquired a new position in Fang in the second quarter worth about $2,342,000. Hedge funds and other institutional investors own 43.29% of the company’s stock.
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Fang Company Profile (NYSE:SFUN)
Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.
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