Leju (NYSE:LEJU) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Leju (NYSE:LEJUFree Report) in a research note issued to investors on Friday. The firm issued a buy rating on the financial services provider’s stock.

Leju Stock Performance

LEJU opened at $1.17 on Friday. Leju has a 52-week low of $0.85 and a 52-week high of $9.84. The firm’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.57.

Hedge Funds Weigh In On Leju

A hedge fund recently bought a new stake in Leju stock. Two Sigma Securities LLC purchased a new position in Leju Holdings Limited (NYSE:LEJUFree Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,337 shares of the financial services provider’s stock, valued at approximately $38,000. Two Sigma Securities LLC owned 0.12% of Leju at the end of the most recent quarter. Institutional investors and hedge funds own 1.05% of the company’s stock.

About Leju

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Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. It offers real estate e-commerce, online advertising, and online listing services through its online platform, and various mobile applications. The company also operates various real estate and home furnishing Websites of SINA Corporation (SINA).

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