CI Investments Inc. purchased a new position in Sogou Inc (NYSE:SOGO) during the 4th quarter, HoldingsChannel reports. The firm purchased 300,000 shares of the company’s stock, valued at approximately $3,471,000.
Several other institutional investors also recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new stake in shares of Sogou in the 4th quarter worth approximately $363,000. Quantitative Systematic Strategies LLC bought a new position in Sogou in the 4th quarter valued at approximately $650,000. SG Americas Securities LLC bought a new position in Sogou in the 4th quarter valued at approximately $1,351,000. Finally, TB Alternative Assets Ltd. bought a new position in Sogou in the 4th quarter valued at approximately $18,038,000. Institutional investors own 0.44% of the company’s stock.
Several research firms recently issued reports on SOGO. JPMorgan Chase & Co. began coverage on Sogou in a research report on Thursday, December 7th. They issued an “overweight” rating and a $17.00 price objective on the stock. Credit Suisse Group began coverage on Sogou in a research report on Monday, December 4th. They issued an “outperform” rating and a $16.30 price objective on the stock.
Sogou Inc (NYSE SOGO) opened at $9.53 on Tuesday. Sogou Inc has a 12-month low of $9.50 and a 12-month high of $14.70.
Sogou (NYSE:SOGO) last released its quarterly earnings data on Monday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. The business had revenue of $277.79 million during the quarter, compared to the consensus estimate of $267.56 million. analysts expect that Sogou Inc will post 0.29 EPS for the current fiscal year.
Sogou Company Profile
Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
Want to see what other hedge funds are holding SOGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sogou Inc (NYSE:SOGO).
Receive News & Ratings for Sogou Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sogou and related companies with MarketBeat.com's FREE daily email newsletter.