20,015 Shares in Sohu.com Inc. (SOHU) Acquired by Essex Investment Management Co. LLC
Essex Investment Management Co. LLC purchased a new stake in shares of Sohu.com Inc. (NASDAQ:SOHU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,015 shares of the information services provider’s stock, valued at approximately $1,090,000. Essex Investment Management Co. LLC owned approximately 0.05% of Sohu.com at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Westpac Banking Corp acquired a new stake in shares of Sohu.com during the 2nd quarter valued at approximately $194,000. Quantbot Technologies LP acquired a new stake in shares of Sohu.com during the 2nd quarter valued at approximately $202,000. Wells Fargo & Company MN raised its position in shares of Sohu.com by 12.9% during the 1st quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock valued at $243,000 after acquiring an additional 706 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Sohu.com during the 2nd quarter valued at approximately $350,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Sohu.com during the 1st quarter valued at approximately $341,000. 63.21% of the stock is currently owned by institutional investors and hedge funds.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Sohu.com from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Deutsche Bank AG lowered Sohu.com from a “buy” rating to a “hold” rating and set a $57.00 target price on the stock. in a research report on Monday, October 30th. ValuEngine raised Sohu.com from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet raised Sohu.com from a “d+” rating to a “c-” rating in a research report on Friday, August 18th. Finally, BidaskClub raised Sohu.com from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $58.00.
Shares of Sohu.com Inc. (SOHU) opened at $56.96 on Friday. Sohu.com Inc. has a 52-week low of $32.60 and a 52-week high of $70.86.
Sohu.com (NASDAQ:SOHU) last issued its earnings results on Friday, October 27th. The information services provider reported ($2.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.24) by ($1.14). Sohu.com had a negative return on equity of 21.39% and a negative net margin of 18.51%. The company had revenue of $516.10 million during the quarter, compared to analyst estimates of $493.47 million. During the same period in the prior year, the business earned ($1.68) earnings per share. Sohu.com’s quarterly revenue was up 25.7% on a year-over-year basis. sell-side analysts predict that Sohu.com Inc. will post -7.47 EPS for the current fiscal year.
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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