D. E. Shaw & Co. Inc. Grows Holdings in Sohu.com Limited (NASDAQ:SOHU)

D. E. Shaw & Co. Inc. raised its holdings in shares of Sohu.com Limited (NASDAQ:SOHU) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,628 shares of the information services provider’s stock after purchasing an additional 16,449 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.49% of Sohu.com worth $2,104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. boosted its position in Sohu.com by 129.7% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 45,559 shares of the information services provider’s stock valued at $600,000 after buying an additional 25,721 shares during the period. Blue Trust Inc. boosted its position in Sohu.com by 78.7% in the 4th quarter. Blue Trust Inc. now owns 22,745 shares of the information services provider’s stock valued at $300,000 after buying an additional 10,015 shares during the period. Vontobel Holding Ltd. purchased a new stake in Sohu.com in the 4th quarter valued at about $144,000. E Fund Management Co. Ltd. increased its holdings in Sohu.com by 129.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 45,559 shares of the information services provider’s stock worth $600,000 after purchasing an additional 25,721 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sohu.com by 63.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider’s stock worth $3,972,000 after purchasing an additional 116,746 shares during the period. 33.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sohu.com from a “hold” rating to a “buy” rating in a report on Tuesday.

Sohu.com Trading Down 5.5%

Shares of NASDAQ:SOHU opened at $9.94 on Wednesday. Sohu.com Limited has a 12-month low of $7.79 and a 12-month high of $17.24. The business’s fifty day simple moving average is $11.12 and its 200-day simple moving average is $12.55. The company has a market capitalization of $298.85 million, a PE ratio of -3.18 and a beta of 0.70.

Sohu.com (NASDAQ:SOHU) last announced its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share for the quarter. Sohu.com had a negative return on equity of 8.49% and a negative net margin of 16.76%. The business had revenue of $134.68 million for the quarter. During the same quarter last year, the business posted ($0.37) EPS.

About Sohu.com

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. 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.