First Trust Advisors LP boosted its stake in Sohu.com Inc. (NASDAQ:SOHU) by 76.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 44,113 shares of the company’s stock after buying an additional 19,068 shares during the period. First Trust Advisors LP owned about 0.11% of Sohu.com worth $1,670,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of SOHU. Pacad Investment Ltd. boosted its stake in shares of Sohu.com by 14.8% in the first quarter. Pacad Investment Ltd. now owns 6,059 shares of the company’s stock valued at $300,000 after buying an additional 780 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Sohu.com during the second quarter valued at about $250,000. Invictus RG boosted its stake in shares of Sohu.com by 78.6% in the first quarter. Invictus RG now owns 7,318 shares of the company’s stock valued at $363,000 after buying an additional 3,220 shares during the period. BlackRock Japan Co. Ltd boosted its stake in shares of Sohu.com by 110.1% in the first quarter. BlackRock Japan Co. Ltd now owns 12,766 shares of the company’s stock valued at $632,000 after buying an additional 6,690 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Sohu.com during the first quarter valued at about $1,045,000. 64.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sohu.com Inc. (NASDAQ:SOHU) traded up 1.28% on Tuesday, hitting $43.41. The company’s stock had a trading volume of 136,649 shares. The stock has a 50-day moving average price of $41.32 and a 200 day moving average price of $42.29. The firm’s market cap is $1.68 billion. Sohu.com Inc. has a one year low of $35.65 and a one year high of $59.50.
Sohu.com (NASDAQ:SOHU) last posted its earnings results on Monday, August 1st. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.37) by $0.25. Sohu.com had a negative return on equity of 3.65% and a negative net margin of 3.45%. The firm had revenue of $420 million for the quarter, compared to analysts’ expectations of $439.64 million. During the same period in the previous year, the company earned ($0.37) earnings per share. The company’s revenue was down 14.9% compared to the same quarter last year. Equities research analysts predict that Sohu.com Inc. will post ($6.60) EPS for the current year.
Several equities research analysts have recently issued reports on the company. TheStreet cut Sohu.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Brean Capital reaffirmed a “hold” rating on shares of Sohu.com in a report on Tuesday, June 7th. Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $40.00 price target on shares of Sohu.com in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.76.
Sohu.com Inc (Sohu) is an online media, search and game service company 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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