SG Americas Securities LLC reduced its stake in shares of Sohu.com Inc. (NASDAQ:SOHU) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,386 shares of the information services provider’s stock after selling 365 shares during the quarter. SG Americas Securities LLC’s holdings in Sohu.com were worth $198,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Sohu.com by 12.9% in the 1st quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock valued at $243,000 after purchasing an additional 706 shares during the period. Morgan Stanley grew its position in shares of Sohu.com by 88.7% in the 1st quarter. Morgan Stanley now owns 434,777 shares of the information services provider’s stock valued at $17,100,000 after purchasing an additional 204,378 shares during the period. KCG Holdings Inc. acquired a new position in shares of Sohu.com in the 1st quarter valued at approximately $341,000. River & Mercantile Asset Management LLP acquired a new position in shares of Sohu.com in the 1st quarter valued at approximately $618,000. Finally, Bank of America Corp DE grew its position in shares of Sohu.com by 5.8% in the 1st quarter. Bank of America Corp DE now owns 308,683 shares of the information services provider’s stock valued at $12,141,000 after purchasing an additional 16,970 shares during the period. Institutional investors own 63.25% of the company’s stock.
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Sohu.com Inc. (NASDAQ:SOHU) opened at 55.31 on Thursday. Sohu.com Inc. has a 52-week low of $32.60 and a 52-week high of $58.98. The firm’s market cap is $2.15 billion. The firm’s 50-day moving average price is $54.71 and its 200-day moving average price is $46.22.
Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, July 31st. The information services provider reported ($1.85) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.73) by ($0.12). The business had revenue of $461.20 million during the quarter, compared to the consensus estimate of $456.10 million. Sohu.com had a negative return on equity of 19.12% and a negative net margin of 17.93%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.61) earnings per share. Equities research analysts expect that Sohu.com Inc. will post ($5.73) EPS for the current year.
Several brokerages recently issued reports on SOHU. ValuEngine upgraded Sohu.com from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet upgraded Sohu.com from a “d+” rating to a “c-” rating in a research report on Friday, August 18th. BidaskClub upgraded Sohu.com from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Morgan Stanley upgraded Sohu.com from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $36.00 to $60.00 in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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