Russell Investments Group Ltd. Grows Position in Sohu.com Inc. $SOHU

Russell Investments Group Ltd. raised its position in shares of Sohu.com Inc. (NASDAQ:SOHU) by 8.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,069 shares of the information services provider’s stock after buying an additional 2,993 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Sohu.com worth $506,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Capital Group California Inc. purchased a new position in Sohu.com during the 1st quarter valued at approximately $214,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Sohu.com by 39.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 63,682 shares of the information services provider’s stock worth $839,000 after purchasing an additional 18,123 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Sohu.com in the 1st quarter worth approximately $216,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Sohu.com by 12.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 96,096 shares of the information services provider’s stock worth $1,267,000 after purchasing an additional 10,400 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in shares of Sohu.com in the 4th quarter worth approximately $134,000. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Sohu.com Stock Performance

Shares of SOHU stock opened at $16.08 on Monday. Sohu.com Inc. has a 52-week low of $7.79 and a 52-week high of $17.24. The firm has a market capitalization of $483.53 million, a P/E ratio of 3.86 and a beta of 0.37. The stock has a 50 day moving average price of $14.75 and a 200 day moving average price of $12.66.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, August 4th. The information services provider reported ($0.69) earnings per share (EPS) for the quarter. The business had revenue of $126.27 million for the quarter. Sohu.com had a negative return on equity of 6.37% and a net margin of 22.70%.

Analyst Upgrades and Downgrades

SOHU has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of Sohu.com in a report on Monday, August 4th. Wall Street Zen raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $20.00.

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.