Fang Holdings Ltd (NYSE:SFUN)’s share price traded up 6.9% on Wednesday . The stock traded as high as $4.83 and last traded at $4.80. 3,301,695 shares were traded during trading, an increase of 10% from the average session volume of 2,990,658 shares. The stock had previously closed at $4.49.
Several equities analysts recently weighed in on the company. Zacks Investment Research cut Fang from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Bank of America reaffirmed a “buy” rating and issued a $4.63 price target (down previously from $5.30) on shares of Fang in a report on Tuesday, December 26th. Finally, ValuEngine cut Fang from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.96.
The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.52.
Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Fang by 5.5% in the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock valued at $158,000 after acquiring an additional 2,223 shares in the last quarter. Jane Street Group LLC raised its holdings in Fang by 87.6% in the 4th quarter. Jane Street Group LLC now owns 32,808 shares of the information services provider’s stock valued at $183,000 after acquiring an additional 15,318 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Fang in the 4th quarter valued at approximately $185,000. Mackenzie Financial Corp grew its stake in shares of Fang by 58.7% in the 4th quarter. Mackenzie Financial Corp now owns 44,134 shares of the information services provider’s stock valued at $246,000 after purchasing an additional 16,331 shares during the period. Finally, Pictet Asset Management Ltd. bought a new stake in shares of Fang in the 3rd quarter valued at approximately $325,000. 47.94% of the stock is owned by hedge funds and other institutional investors.
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Fang Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, 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.
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