River & Mercantile Asset Management LLP raised its position in Sohu.com Ltd – (NASDAQ:SOHU) by 23.8% during the third quarter, HoldingsChannel.com reports. The firm owned 236,431 shares of the information services provider’s stock after buying an additional 45,454 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Sohu.com were worth $4,703,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SOHU. First Trust Advisors LP raised its holdings in Sohu.com by 34.0% in the second quarter. First Trust Advisors LP now owns 76,615 shares of the information services provider’s stock worth $2,720,000 after buying an additional 19,420 shares during the last quarter. BlackRock Inc. raised its holdings in Sohu.com by 92.7% in the second quarter. BlackRock Inc. now owns 2,359,171 shares of the information services provider’s stock worth $83,752,000 after buying an additional 1,134,983 shares during the last quarter. FMR LLC purchased a new position in Sohu.com in the second quarter worth about $1,052,000. Maso Capital Partners Ltd raised its holdings in Sohu.com by 185.9% in the second quarter. Maso Capital Partners Ltd now owns 274,500 shares of the information services provider’s stock worth $9,745,000 after buying an additional 178,500 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Sohu.com in the second quarter worth approximately $746,000. Institutional investors own 59.49% of the company’s stock.
Separately, BidaskClub upgraded shares of Sohu.com from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd.
Shares of SOHU stock opened at $22.27 on Friday. Sohu.com Ltd – has a 52 week low of $15.89 and a 52 week high of $47.98. The company has a market capitalization of $853.84 million, a PE ratio of -2.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 2.02.
Sohu.com (NASDAQ:SOHU) last announced its quarterly earnings results on Monday, November 5th. The information services provider reported ($0.81) EPS for the quarter, topping analysts’ consensus estimates of ($1.64) by $0.83. Sohu.com had a negative net margin of 24.54% and a negative return on equity of 15.31%. The firm had revenue of $459.82 million during the quarter, compared to analyst estimates of $461.00 million. During the same period in the previous year, the business posted ($2.38) earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Equities research analysts anticipate that Sohu.com Ltd – will post -5.09 EPS for the current fiscal year.
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Sohu.com Inc provides online media, search, and game services on personal computers (PCs), mobile devices, and tablets in the People's Republic of China. The company operates sohu.com, which provides online news and information; Sohu News APP, a mobile phone application, as well as m.sohu.com mobile portal; tv.sohu.com that offers online video content and service, as well as Sohu Video APP, a mobile phone application; and focus.cn, which provides online real estate information and services.
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