ValuEngine Lowers Leju (LEJU) to Hold
ValuEngine lowered shares of Leju (NYSE:LEJU) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
LEJU has been the topic of a number of other reports. Zacks Investment Research raised shares of Leju from a hold rating to a buy rating and set a $2.25 price objective on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Leju from an underweight rating to a neutral rating and set a $4.00 price objective on the stock in a research note on Tuesday, August 28th.
Shares of LEJU opened at $1.89 on Tuesday. Leju has a 12 month low of $0.96 and a 12 month high of $2.30.
A hedge fund recently raised its stake in Leju stock. Millennium Management LLC raised its stake in Leju Holdings Ltd (NYSE:LEJU) by 336.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,596 shares of the financial services provider’s stock after buying an additional 69,050 shares during the period. Millennium Management LLC owned 0.07% of Leju worth $121,000 at the end of the most recent quarter. 1.68% of the stock is currently owned by institutional investors.
Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises Websites covering 377 cities and various mobile applications for the real estate and home furnishing industries.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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