The stock of Leju Holdings Ltd (ADR) (NYSE:LEJU) is a huge mover today! About 71,406 shares traded hands. Leju Holdings Ltd (ADR) (NYSE:LEJU) has declined 14.92% since April 5, 2016 and is downtrending. It has underperformed by 16.88% the S&P500.
The move comes after 6 months positive chart setup for the $626.19 million company. It was reported on Nov, 7 by Barchart.com. We have $6.95 PT which if reached, will make NYSE:LEJU worth $313.10 million more.
Leju Holdings Ltd (ADR) (NYSE:LEJU) Ratings Coverage
Out of 5 analysts covering Leju Holdings (NYSE:LEJU), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Leju Holdings has been the topic of 5 analyst reports since August 27, 2015 according to StockzIntelligence Inc. Macquarie Research downgraded Leju Holdings Ltd (ADR) (NYSE:LEJU) on Thursday, November 19 to “Neutral” rating. The firm has “Neutral” rating given on Wednesday, August 31 by JP Morgan. The company was downgraded on Friday, August 26 by CLSA. As per Tuesday, November 17, the company rating was downgraded by Bank of America.
According to Zacks Investment Research, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China.”
LEJU Company Profile
Leju Holdings Limited, incorporated on November 20, 2013, is an online to offline (O2O), real estate services well-known provider in China. The Firm 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. The Firm integrates its online platform with offline services to facilitate residential property transactions. In addition to its own Websites, the Company operates various real estate and home furnishing Websites of SINA Corporation (SINA). The Firm operates official accounts on various mobile platforms, including over 50,000 on Weibo and over 70,000 on Weixin.
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