Trexquant Investment LP Sells 5,439 Shares of Sohu.com Inc. $SOHU

Trexquant Investment LP lessened its holdings in shares of Sohu.com Inc. (NASDAQ:SOHU) by 19.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,684 shares of the information services provider’s stock after selling 5,439 shares during the quarter. Trexquant Investment LP owned approximately 0.08% of Sohu.com worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of Sohu.com by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 38,069 shares of the information services provider’s stock valued at $506,000 after acquiring an additional 2,993 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Sohu.com during the fourth quarter valued at approximately $134,000. Public Employees Retirement System of Ohio raised its holdings in shares of Sohu.com by 12.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 96,096 shares of the information services provider’s stock valued at $1,267,000 after acquiring an additional 10,400 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Sohu.com by 226.5% in the fourth quarter. BNP Paribas Financial Markets now owns 18,021 shares of the information services provider’s stock worth $238,000 after purchasing an additional 12,502 shares in the last quarter. Finally, Man Group plc bought a new position in Sohu.com in the fourth quarter worth $166,000. Institutional investors own 33.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Sohu.com Price Performance

Shares of NASDAQ:SOHU opened at $16.00 on Wednesday. The company has a market cap of $481.12 million, a P/E ratio of 3.84 and a beta of 0.37. Sohu.com Inc. has a 1 year low of $7.79 and a 1 year high of $17.24. The stock’s fifty day moving average price is $15.17 and its 200-day moving average price is $12.75.

Sohu.com (NASDAQ:SOHU) last announced 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 net margin of 22.70% and a negative return on equity of 6.37%.

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.