Arrowstreet Capital Limited Partnership reduced its position in shares of Sohu.com Inc. (NASDAQ:SOHU) by 22.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,910 shares of the information services provider’s stock after selling 81,757 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.72% of Sohu.com worth $12,523,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Sohu.com by 37.8% during the first quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock worth $187,000 after purchasing an additional 1,302 shares in the last quarter. Westpac Banking Corp purchased a new position in Sohu.com during the second quarter worth about $194,000. Quantbot Technologies LP purchased a new position in Sohu.com during the second quarter worth about $202,000. Wells Fargo & Company MN raised its holdings in Sohu.com by 12.9% during the first quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock worth $243,000 after purchasing an additional 706 shares in the last quarter. Finally, Invictus RG purchased a new position in Sohu.com during the first quarter worth about $262,000. 63.25% of the stock is owned by hedge funds and other institutional investors.
Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Monday, July 31st. The information services provider reported ($1.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.73) by ($0.12). The firm had revenue of $461.20 million during the quarter, compared to the consensus estimate of $456.10 million. Sohu.com had a negative net margin of 17.93% and a negative return on equity of 19.12%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.61) earnings per share.
SOHU has been the subject of several analyst reports. Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut shares of Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Morgan Stanley raised shares of Sohu.com from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $36.00 to $60.00 in a report on Tuesday, August 1st. TheStreet raised shares of Sohu.com from a “d+” rating to a “c-” rating in a report on Friday, August 18th. Finally, ValuEngine raised shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Sohu.com has an average rating of “Hold” and an average price target of $58.50.
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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