Lucus Advisors LLC cut its position in shares of Sohu.com Inc. (NASDAQ:SOHU) by 13.2% during the second quarter, Holdings Channel reports. The fund owned 9,133 shares of the company’s stock after selling 1,387 shares during the period. Lucus Advisors LLC’s holdings in Sohu.com were worth $346,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orbis Allan Gray Ltd purchased a new position in Sohu.com during the first quarter valued at about $314,573,000. Renaissance Technologies LLC boosted its position in Sohu.com by 18.2% in the first quarter. Renaissance Technologies LLC now owns 1,451,600 shares of the company’s stock valued at $71,912,000 after buying an additional 224,000 shares in the last quarter. Invictus RG boosted its position in 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 in the last quarter. BlackRock Group LTD boosted its position in Sohu.com by 12.5% in the first quarter. BlackRock Group LTD now owns 49,425 shares of the company’s stock valued at $2,449,000 after buying an additional 5,506 shares in the last quarter. Finally, HBK Investments L P boosted its position in Sohu.com by 74.1% in the first quarter. HBK Investments L P now owns 39,000 shares of the company’s stock valued at $1,932,000 after buying an additional 16,600 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Sohu.com Inc. (NASDAQ:SOHU) traded down 2.12% on Friday, reaching $44.25. 155,971 shares of the company’s stock traded hands. The firm’s market capitalization is $1.71 billion. Sohu.com Inc. has a 52 week low of $35.65 and a 52 week high of $59.50. The company has a 50 day moving average price of $41.97 and a 200 day moving average price of $42.26.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, August 1st. The company reported ($1.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.37) by $0.25. Sohu.com had a negative net margin of 3.45% and a negative return on equity of 3.65%. The business earned $420 million during the quarter, compared to analyst estimates of $439.64 million. During the same period last year, the firm posted ($0.37) earnings per share. The company’s quarterly revenue was down 14.9% on a year-over-year basis. On average, equities research analysts predict that Sohu.com Inc. will post ($6.60) earnings per share for the current fiscal year.
SOHU has been the subject of several analyst reports. Deutsche Bank AG initiated coverage on shares of Sohu.com in a report on Friday, September 9th. They set a “buy” rating and a $53.30 price target for the company. Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Brean Capital reissued a “hold” rating on shares of Sohu.com in a report on Wednesday, July 6th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $40.00 price target on shares of Sohu.com in a report on Wednesday, August 31st. Finally, TheStreet cut shares of Sohu.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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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