Russell Investments Group Ltd. increased its position in shares of Sohu.com Limited (NASDAQ:SOHU – Free Report) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,329 shares of the information services provider’s stock after purchasing an additional 3,327 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Sohu.com worth $248,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Sohu.com by 409.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,723 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 2,188 shares during the period. American Century Companies Inc. boosted its stake in Sohu.com by 16.3% in the 1st quarter. American Century Companies Inc. now owns 12,428 shares of the information services provider’s stock valued at $209,000 after buying an additional 1,740 shares in the last quarter. Barclays PLC boosted its position in Sohu.com by 117,363.6% in the fourth quarter. Barclays PLC now owns 12,921 shares of the information services provider’s stock valued at $177,000 after buying an additional 12,910 shares in the last quarter. Virtu Financial LLC bought a new stake in Sohu.com during the fourth quarter worth about $191,000. Finally, Employees Retirement System of Texas increased its holdings in shares of Sohu.com by 117.5% during the first quarter. Employees Retirement System of Texas now owns 15,711 shares of the information services provider’s stock worth $231,000 after buying an additional 8,489 shares in the last quarter. 35.07% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on the company. StockNews.com began coverage on Sohu.com in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup cut their price objective on Sohu.com from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 7th.
Sohu.com Stock Down 0.1 %
SOHU stock opened at $10.55 on Tuesday. The company has a market cap of $355.96 million, a P/E ratio of -5.30 and a beta of 1.43. Sohu.com Limited has a twelve month low of $10.40 and a twelve month high of $18.01. The business has a fifty day moving average of $11.24 and a 200-day moving average of $12.59.
Sohu.com (NASDAQ:SOHU – Get Free Report) last released its earnings results on Monday, August 7th. The information services provider reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.06). The firm had revenue of $152.09 million for the quarter, compared to the consensus estimate of $153.69 million. Sohu.com had a negative return on equity of 5.52% and a negative net margin of 10.28%. As a group, equities research analysts anticipate that Sohu.com Limited will post -1.76 earnings per share for the current fiscal year.
Sohu.com Limited provides online media, video, and game products and services on PCs and mobile devices in China. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.
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