Leju Target of Unusually High Options Trading (NYSE:LEJU)

Leju Holdings Ltd (NYSE:LEJU) was the target of unusually large options trading activity on Friday. Traders acquired 2,489 call options on the company. This is an increase of 1,641% compared to the typical daily volume of 143 call options.

Leju stock opened at $3.98 on Friday. The company has a market capitalization of $540.33 million, a price-to-earnings ratio of 49.75 and a beta of 1.45. Leju has a one year low of $1.03 and a one year high of $6.96. The company’s fifty day moving average price is $2.34 and its two-hundred day moving average price is $1.92.

A number of equities analysts have recently weighed in on the stock. ValuEngine downgraded shares of Leju from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Leju from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

A number of institutional investors have recently bought and sold shares of LEJU. Renaissance Technologies LLC increased its position in Leju by 10.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,432,341 shares of the financial services provider’s stock worth $2,879,000 after buying an additional 135,181 shares during the last quarter. Russell Investments Group Ltd. increased its position in Leju by 14.0% during the first quarter. Russell Investments Group Ltd. now owns 52,144 shares of the financial services provider’s stock worth $95,000 after buying an additional 6,400 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Leju by 20.6% during the first quarter. Acadian Asset Management LLC now owns 285,512 shares of the financial services provider’s stock worth $527,000 after buying an additional 48,700 shares during the last quarter. 1.23% of the stock is currently owned by hedge funds and other institutional investors.

About Leju

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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