BNP Paribas Arbitrage SA lowered its position in shares of Sohu.com Inc. (NASDAQ:SOHU) by 62.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,648 shares of the company’s stock after selling 4,458 shares during the period. BNP Paribas Arbitrage SA’s holdings in Sohu.com were worth $117,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Pacad Investment Ltd. boosted its stake in Sohu.com by 14.8% in the first quarter. Pacad Investment Ltd. now owns 6,059 shares of the company’s stock worth $300,000 after buying an additional 780 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Sohu.com by 120.9% in the first quarter. Franklin Resources Inc. now owns 291,592 shares of the company’s stock valued at $14,445,000 after buying an additional 159,600 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of 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. 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 in the last quarter. Finally, Bogle Investment Management L P DE boosted its stake in shares of Sohu.com by 0.7% in the first quarter. Bogle Investment Management L P DE now owns 227,032 shares of the company’s stock valued at $11,247,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 64.63% of the company’s stock.
Sohu.com Inc. (NASDAQ:SOHU) opened at 43.42 on Friday. The company’s market capitalization is $1.68 billion. Sohu.com Inc. has a 52-week low of $35.65 and a 52-week high of $59.50. The firm has a 50-day moving average of $43.23 and a 200 day moving average of $41.80.
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 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 the consensus estimate of $439.64 million. During the same quarter in the prior year, the firm posted ($0.37) EPS. The company’s revenue for the quarter was down 14.9% compared to the same quarter last year. Equities analysts predict that Sohu.com Inc. will post ($6.60) earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Citigroup Inc. cut shares of Sohu.com from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Zacks Investment Research upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. TheStreet cut shares of Sohu.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $40.00 target price on shares of Sohu.com in a report on Wednesday, August 31st. Finally, Deutsche Bank AG assumed coverage on shares of Sohu.com in a report on Friday, September 9th. They issued a “buy” rating and a $53.30 target price on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.72.
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.
Want to see what other hedge funds are holding SOHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sohu.com Inc. (NASDAQ:SOHU).
Receive News & Ratings for Sohu.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sohu.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.