StockNews.com Begins Coverage on Leju (NYSE:LEJU)

Equities research analysts at StockNews.com initiated coverage on shares of Leju (NYSE:LEJU) in a research note issued on Thursday. The brokerage set a “buy” rating on the financial services provider’s stock.

Leju Stock Performance

Shares of LEJU stock opened at $1.30 on Thursday. Leju has a one year low of $0.85 and a one year high of $9.84. The firm’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Leju stock. Two Sigma Securities LLC acquired a new position in shares of Leju Holdings Limited (NYSE:LEJU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,337 shares of the financial services provider’s stock, valued at approximately $38,000. Two Sigma Securities LLC owned about 0.12% of Leju as of its most recent filing with the SEC. 0.41% of the stock is currently owned by hedge funds and other institutional investors.

Leju Company Profile

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).