Millennium Management LLC Cuts Position in Sohu.com Limited (NASDAQ:SOHU)

Millennium Management LLC trimmed its stake in Sohu.com Limited (NASDAQ:SOHU) by 84.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,621 shares of the information services provider’s stock after selling 239,781 shares during the period. Millennium Management LLC owned 0.14% of Sohu.com worth $588,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vontobel Holding Ltd. acquired a new stake in Sohu.com in the fourth quarter valued at approximately $144,000. E Fund Management Co. Ltd. lifted its holdings in shares of 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 valued at $600,000 after purchasing an additional 25,721 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Sohu.com by 63.2% in 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Sohu.com by 16.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,700 shares of the information services provider’s stock worth $181,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Sohu.com by 47.6% during the 4th quarter. Sei Investments Co. now owns 17,354 shares of the information services provider’s stock worth $229,000 after buying an additional 5,600 shares during the last quarter. 33.02% of the stock is currently owned by hedge funds and other institutional investors.

Sohu.com Stock Up 0.5%

Shares of Sohu.com stock opened at $10.51 on Monday. The company has a 50 day moving average price of $10.17 and a 200 day moving average price of $12.26. The firm has a market capitalization of $315.98 million, a P/E ratio of -3.36 and a beta of 0.71. Sohu.com Limited has a 52 week low of $7.79 and a 52 week high of $17.24.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, May 19th. The information services provider reported ($0.55) earnings per share (EPS) for the quarter. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. The company had revenue of $135.65 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Sohu.com from a “sell” rating to a “hold” rating in a research note on Wednesday, May 28th.

Sohu.com Company Profile

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.