Quantitative Investment Management LLC Trims Stake in Sohu.com Inc (SOHU)

Quantitative Investment Management LLC trimmed its stake in shares of Sohu.com Inc (NASDAQ:SOHU) by 28.2% during the fourth quarter, HoldingsChannel reports. The firm owned 36,600 shares of the information services provider’s stock after selling 14,400 shares during the period. Quantitative Investment Management LLC’s holdings in Sohu.com were worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Sohu.com by 102.6% during the third quarter. BNP Paribas Arbitrage SA now owns 1,844 shares of the information services provider’s stock worth $100,000 after purchasing an additional 934 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Sohu.com during the fourth quarter worth approximately $209,000. Boothbay Fund Management LLC bought a new stake in shares of Sohu.com during the third quarter worth approximately $316,000. Global X Management Co. LLC raised its stake in shares of Sohu.com by 24.6% during the fourth quarter. Global X Management Co. LLC now owns 8,095 shares of the information services provider’s stock worth $351,000 after buying an additional 1,596 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Sohu.com during the fourth quarter worth approximately $351,000. Institutional investors own 65.74% of the company’s stock.

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Shares of Sohu.com Inc (NASDAQ:SOHU) opened at $35.01 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market cap of $1,406.66, a P/E ratio of -2.45 and a beta of 1.23. Sohu.com Inc has a 12 month low of $32.30 and a 12 month high of $70.86.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, January 29th. The information services provider reported ($2.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.44) by ($0.57). Sohu.com had a negative return on equity of 21.67% and a negative net margin of 29.80%. The business had revenue of $509.60 million for the quarter, compared to the consensus estimate of $522.66 million. During the same period last year, the firm earned ($1.79) earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. analysts predict that Sohu.com Inc will post -3.8 EPS for the current year.

A number of research firms recently weighed in on SOHU. BidaskClub raised shares of Sohu.com from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Sohu.com from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. ValuEngine raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, TheStreet downgraded shares of Sohu.com from a “c-” rating to a “d+” rating in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Sohu.com has an average rating of “Hold” and an average price target of $58.00.

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Sohu.com Company Profile

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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Institutional Ownership by Quarter for Sohu.com (NASDAQ:SOHU)

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