Fisher Asset Management LLC maintained its position in Sohu.com Inc. (NASDAQ:SOHU) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,291 shares of the information services provider’s stock at the end of the second quarter. Fisher Asset Management LLC’s holdings in Sohu.com were worth $734,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in Sohu.com by 0.4% in the first quarter. Macquarie Group Ltd. now owns 3,999,628 shares of the information services provider’s stock valued at $157,311,000 after buying an additional 16,040 shares during the period. BlueCrest Capital Management Ltd bought a new position in Sohu.com during the first quarter valued at approximately $430,000. Ionic Capital Management LLC bought a new position in Sohu.com during the first quarter valued at approximately $1,218,000. Bank of America Corp DE increased its position in Sohu.com by 5.8% in the first quarter. Bank of America Corp DE now owns 308,683 shares of the information services provider’s stock valued at $12,141,000 after buying an additional 16,970 shares during the period. Finally, Invictus RG bought a new position in Sohu.com during the first quarter valued at approximately $262,000. 63.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sohu.com Inc. (NASDAQ SOHU) opened at 47.16 on Tuesday. Sohu.com Inc. has a 52 week low of $32.60 and a 52 week high of $50.81. The company’s 50-day moving average price is $46.04 and its 200 day moving average price is $42.08. The company’s market cap is $1.83 billion.
Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, April 24th. The information services provider reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($1.63) by $0.12. Sohu.com had a negative return on equity of 17.02% and a negative net margin of 16.83%. The company had revenue of $374.10 million during the quarter, compared to analysts’ expectations of $368.16 million. During the same quarter in the previous year, the company earned ($0.56) EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts anticipate that Sohu.com Inc. will post ($5.90) earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised Sohu.com from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. HSBC Holdings plc downgraded Sohu.com from a “buy” rating to a “hold” rating and raised their price objective for the stock from $48.00 to $57.00 in a research note on Tuesday, May 23rd. Finally, Benchmark Co. assumed coverage on Sohu.com in a research note on Tuesday, April 18th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $50.10.
In related news, CEO Charles Zhang bought 25,000 shares of the stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the purchase, the chief executive officer now directly owns 68,700 shares of the company’s stock, valued at $2,752,122. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 21.01% of the stock is owned by corporate insiders.
Sohu.com Company Profile
Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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