Nomura Holdings Inc. increased its stake in shares of Sohu.com Inc. (NASDAQ:SOHU) by 83.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,987 shares of the company’s stock after buying an additional 4,087 shares during the period. Nomura Holdings Inc.’s holdings in Sohu.com were worth $337,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Orbis Allan Gray Ltd bought a new stake in shares of Sohu.com during the first quarter valued at $314,573,000. Invictus RG increased 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 last quarter. Renaissance Technologies LLC increased its stake in shares of 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 during the last quarter. HBK Investments L P increased its stake in shares of 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 during the last quarter. Finally, Bogle Investment Management L P DE increased 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 during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Shares of Sohu.com Inc. (NASDAQ:SOHU) opened at 43.86 on Thursday. The company has a 50-day moving average price of $41.66 and a 200 day moving average price of $42.27. Sohu.com Inc. has a 52 week low of $35.65 and a 52 week high of $59.50. The stock’s market capitalization is $1.70 billion.
Sohu.com (NASDAQ:SOHU) last announced its quarterly earnings data 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. The company earned $420 million during the quarter, compared to analyst estimates of $439.64 million. Sohu.com had a negative net margin of 3.45% and a negative return on equity of 3.65%. The firm’s revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.37) earnings per share. Equities analysts forecast that Sohu.com Inc. will post ($6.60) EPS for the current fiscal year.
Several analysts have weighed in on the company. Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $40.00 price objective on shares of Sohu.com in a research report on Wednesday, August 31st. Deutsche Bank AG began coverage on Sohu.com in a report on Friday, September 9th. They set a “buy” rating and a $53.30 target price for the company. Brean Capital restated a “hold” rating on shares of Sohu.com in a report on Tuesday, June 7th. Finally, Citigroup Inc. downgraded Sohu.com from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Three equities 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 company’s stock. The company presently has a consensus rating of “Hold” and an average 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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