Acadian Asset Management LLC Grows Holdings in Sohu.com Inc. $SOHU

Acadian Asset Management LLC grew its stake in shares of Sohu.com Inc. (NASDAQ:SOHU) by 47.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 979,430 shares of the information services provider’s stock after purchasing an additional 313,572 shares during the quarter. Acadian Asset Management LLC owned approximately 3.26% of Sohu.com worth $13,008,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in Sohu.com by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider’s stock valued at $674,000 after buying an additional 9,168 shares in the last quarter. Russell Investments Group Ltd. raised its stake 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. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Sohu.com by 7.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 68,476 shares of the information services provider’s stock valued at $911,000 after purchasing an additional 4,794 shares during the period. Strs Ohio bought a new position in Sohu.com in the first quarter worth approximately $1,379,000. Finally, Legacy Capital Group California Inc. bought a new position in Sohu.com in the first quarter worth approximately $214,000. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Sohu.com Stock Performance

Shares of Sohu.com stock opened at $14.96 on Wednesday. The company has a market capitalization of $449.77 million, a PE ratio of 3.59 and a beta of 0.34. The company has a 50-day simple moving average of $15.20 and a two-hundred day simple moving average of $13.76. Sohu.com Inc. has a one year low of $7.79 and a one year high of $16.45.

Analysts Set New Price Targets

Several brokerages have weighed in on SOHU. Citigroup reiterated a “buy” rating and issued a $20.00 target price (up from $17.00) on shares of Sohu.com in a report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Sohu.com 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.