Leju Holdings Ltd (ADR) (LEJU) is Resumed by JP Morgan to Neutral, Price Target at $4.60

Leju Holdings Ltd (ADR) (LEJU) was Resumed by JP Morgan to “Neutral” and the brokerage firm has set the Price Target at $4.60. JP Morgan advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Leju Holdings Ltd (ADR). Leju Holdings Ltd (ADR) was Downgraded by CLSA to ” Sell” on Aug 26, 2016.

On the company’s financial health, Leju Holdings Ltd (ADR) reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.10. The company had revenue of $158.30 million for the quarter, compared to analysts expectations of $179.46 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Leju Holdings Ltd (ADR) closed down -0.2 points or -4.49% at $4.25 with 47,665 shares getting traded on Monday. Post opening the session at $4.44, the shares hit an intraday low of $4.22 and an intraday high of $4.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 250 cities and various mobile applications. It integrates its online platform with complementary offline services to facilitate residential property transactions. In addition to its own Websites the Company also operates various real estate and home furnishing Websites of SINA Corporation and Baidu Inc.. Its O2O services for new residential properties include selling discount coupons and facilitating online property viewing physical property visits and pre-sale customer support. The Company offers fee-based online property listing services to real estate agents and free services to individual property sellers. The Company’s offline services include physical property visits and a call center.

Leju Holdings Ltd (ADR)

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