Acadian Asset Management LLC Purchases New Position in Sohu.com Ltd – (NASDAQ:SOHU)

Acadian Asset Management LLC purchased a new stake in shares of Sohu.com Ltd – (NASDAQ:SOHU) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,297 shares of the information services provider’s stock, valued at approximately $1,040,000. Acadian Asset Management LLC owned about 0.08% of Sohu.com at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Sohu.com in the fourth quarter worth approximately $209,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Sohu.com in the first quarter worth approximately $219,000. Koch Industries Inc. raised its holdings in shares of Sohu.com by 28.2% in the first quarter. Koch Industries Inc. now owns 10,388 shares of the information services provider’s stock worth $321,000 after buying an additional 2,286 shares during the period. Element Capital Management LLC purchased a new stake in shares of Sohu.com in the first quarter worth approximately $335,000. Finally, Verition Fund Management LLC raised its holdings in shares of Sohu.com by 224.7% in the first quarter. Verition Fund Management LLC now owns 20,798 shares of the information services provider’s stock worth $643,000 after buying an additional 14,392 shares during the period. 63.82% of the stock is owned by institutional investors.

Several brokerages recently issued reports on SOHU. BidaskClub cut Sohu.com from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. ValuEngine cut Sohu.com from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Sohu.com has a consensus rating of “Hold” and a consensus price target of $57.00.

NASDAQ SOHU traded up $0.52 during midday trading on Friday, hitting $21.35. 202,951 shares of the company traded hands, compared to its average volume of 473,065. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $855.01 million, a PE ratio of -2.43 and a beta of 1.03. Sohu.com Ltd – has a 52 week low of $20.72 and a 52 week high of $70.86.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, July 30th. The information services provider reported ($1.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.50) by $0.23. The firm had revenue of $486.01 million during the quarter, compared to analysts’ expectations of $506.79 million. Sohu.com had a negative return on equity of 19.39% and a negative net margin of 27.38%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.85) EPS. equities analysts predict that Sohu.com Ltd – will post -6.18 earnings per share for the current fiscal year.

Sohu.com Profile

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

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