Analysts Set Leju Holdings Ltd. (NYSE:LEJU) PT at $5.63
Shares of Leju Holdings Ltd. (NYSE:LEJU) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $5.63.
A number of brokerages have recently weighed in on LEJU. Zacks Investment Research raised shares of Leju Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. began coverage on shares of Leju Holdings in a research note on Wednesday, August 31st. They issued a “neutral” rating and a $4.60 price target for the company. Finally, Credit Agricole SA lowered shares of Leju Holdings from an “underperform” rating to a “sell” rating and reduced their price target for the stock from $5.50 to $4.60 in a research note on Friday, August 26th.
A number of hedge funds have recently added to or reduced their stakes in LEJU. Franklin Resources Inc. raised its stake in Leju Holdings by 36.5% in the first quarter. Franklin Resources Inc. now owns 820,909 shares of the company’s stock valued at $4,277,000 after buying an additional 219,348 shares in the last quarter. Contrarius Investment Management Ltd raised its stake in Leju Holdings by 15.3% in the first quarter. Contrarius Investment Management Ltd now owns 3,994,856 shares of the company’s stock valued at $20,813,000 after buying an additional 529,071 shares in the last quarter. HBK Investments L P raised its stake in Leju Holdings by 272.0% in the first quarter. HBK Investments L P now owns 79,600 shares of the company’s stock valued at $415,000 after buying an additional 58,200 shares in the last quarter. Renaissance Technologies LLC raised its stake in Leju Holdings by 301.5% in the first quarter. Renaissance Technologies LLC now owns 189,100 shares of the company’s stock valued at $985,000 after buying an additional 142,000 shares in the last quarter. Finally, Freestone Capital Holdings LLC raised its stake in Leju Holdings by 28.6% in the second quarter. Freestone Capital Holdings LLC now owns 448,882 shares of the company’s stock valued at $2,087,000 after buying an additional 99,811 shares in the last quarter. 5.57% of the stock is owned by institutional investors and hedge funds.
Shares of Leju Holdings (NYSE:LEJU) opened at 4.53 on Thursday. Leju Holdings has a 1-year low of $3.28 and a 1-year high of $7.57. The firm has a 50-day moving average of $4.44 and a 200 day moving average of $4.77. The stock has a market capitalization of $842.58 million, a PE ratio of 22.54 and a beta of 3.09.
Leju Holdings (NYSE:LEJU) last posted its earnings results on Thursday, August 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Leju Holdings had a net margin of 4.59% and a return on equity of 8.76%. The firm earned $158.30 million during the quarter, compared to analysts’ expectations of $172.75 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Leju Holdings’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that Leju Holdings will post $0.37 earnings per share for the current fiscal year.
About Leju Holdings
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.
Receive News & Ratings for Leju Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leju Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.