Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Position in Sohu.com Inc. $SOHU

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Sohu.com Inc. (NASDAQ:SOHU) by 143.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,381 shares of the information services provider’s stock after buying an additional 19,681 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.11% of Sohu.com worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in Sohu.com by 47.1% in the second quarter. Acadian Asset Management LLC now owns 979,430 shares of the information services provider’s stock valued at $13,008,000 after acquiring an additional 313,572 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of Sohu.com during the second quarter worth about $184,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Sohu.com by 7.5% in the 2nd 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 last quarter. Goldman Sachs Group Inc. boosted its position in shares of Sohu.com by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider’s stock valued at $674,000 after purchasing an additional 9,168 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Sohu.com in the 1st quarter valued at about $1,379,000. 33.02% of the stock is currently owned by institutional investors and hedge funds.

Sohu.com Price Performance

SOHU opened at $15.08 on Thursday. Sohu.com Inc. has a 12 month low of $7.79 and a 12 month high of $16.45. The stock has a market capitalization of $453.38 million, a P/E ratio of 3.62 and a beta of 0.34. The business has a 50 day simple moving average of $14.99 and a 200-day simple moving average of $14.03.

Sohu.com (NASDAQ:SOHU) last released its earnings results on Monday, November 17th. The information services provider reported $0.32 EPS for the quarter. The company had revenue of $180.16 million during the quarter. Sohu.com had a negative return on equity of 6.37% and a net margin of 22.70%.During the same period last year, the business posted ($0.52) EPS.

Analyst Ratings Changes

Several research analysts have commented on SOHU shares. Citigroup reaffirmed a “buy” rating on shares of Sohu.com in a research report on Monday, November 17th. Jefferies Financial Group lifted their target price on shares of Sohu.com from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Wall Street Zen upgraded shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sohu.com in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.