Fisher Asset Management LLC held its position in Sohu.com Inc. (NASDAQ:SOHU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,291 shares of the information services provider’s stock at the end of the second quarter. Fisher Asset Management LLC’s holdings in Sohu.com were worth $734,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Clinton Group Inc. bought a new position in Sohu.com during the first quarter valued at $713,000. SG Americas Securities LLC increased its stake in shares of Sohu.com by 37.8% in the first quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock valued at $187,000 after buying an additional 1,302 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Sohu.com by 8.7% in the first quarter. Penserra Capital Management LLC now owns 9,954 shares of the information services provider’s stock valued at $391,000 after buying an additional 793 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Sohu.com by 15.0% in the first quarter. Parametric Portfolio Associates LLC now owns 66,374 shares of the information services provider’s stock valued at $2,610,000 after buying an additional 8,637 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Sohu.com by 15.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 19,449 shares of the information services provider’s stock valued at $765,000 after buying an additional 2,563 shares in the last quarter. Institutional investors own 63.39% of the company’s stock.
Shares of Sohu.com Inc. (SOHU) traded down 0.32% on Friday, reaching $53.41. 248,457 shares of the company’s stock were exchanged. The company’s market cap is $2.08 billion. Sohu.com Inc. has a 12 month low of $32.60 and a 12 month high of $58.98. The firm’s 50-day moving average price is $50.36 and its 200 day moving average price is $43.99.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, July 31st. The information services provider reported ($1.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.73) by $0.12. The firm had revenue of $461.20 million for the quarter, compared to analyst estimates of $456.10 million. Sohu.com had a negative return on equity of 19.12% and a negative net margin of 17.93%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.61) EPS. Equities research analysts predict that Sohu.com Inc. will post ($5.73) EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Sohu.com from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $36.00 to $60.00 in a research report on Tuesday, August 1st. BidaskClub downgraded Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Sohu.com from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. HSBC Holdings plc downgraded Sohu.com from a “buy” rating to a “hold” rating and lifted their target price for the stock from $48.00 to $57.00 in a research report on Tuesday, May 23rd. Finally, ValuEngine raised Sohu.com from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Sohu.com currently has an average rating of “Hold” and an average target price of $52.58.
Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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