Geode Capital Management LLC lowered its position in Sohu.com Ltd – (NASDAQ:SOHU) by 34.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,261 shares of the information services provider’s stock after selling 11,621 shares during the quarter. Geode Capital Management LLC owned approximately 0.06% of Sohu.com worth $387,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NumerixS Investment Technologies Inc purchased a new stake in Sohu.com during the fourth quarter valued at approximately $71,000. Standard Life Aberdeen plc increased its stake in Sohu.com by 34.1% in the 4th quarter. Standard Life Aberdeen plc now owns 29,439 shares of the information services provider’s stock worth $535,000 after buying an additional 7,482 shares during the period. Westpac Banking Corp purchased a new position in Sohu.com in the 4th quarter worth about $763,000. ETF Managers Group LLC increased its stake in Sohu.com by 18.0% in the 4th quarter. ETF Managers Group LLC now owns 45,653 shares of the information services provider’s stock worth $795,000 after buying an additional 6,971 shares during the period. Finally, Legal & General Group Plc increased its stake in Sohu.com by 18.0% in the 3rd quarter. Legal & General Group Plc now owns 3,893 shares of the information services provider’s stock worth $77,000 after buying an additional 593 shares during the period. Hedge funds and other institutional investors own 55.13% of the company’s stock.
SOHU traded down $0.86 during trading on Wednesday, reaching $13.70. 405,300 shares of the company’s stock were exchanged, compared to its average volume of 371,450. Sohu.com Ltd – has a 1 year low of $13.11 and a 1 year high of $42.12. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $534.72 million, a PE ratio of -3.32 and a beta of 1.52.
Several research firms recently commented on SOHU. BidaskClub raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research upgraded shares of Sohu.com from a “sell” rating to a “hold” rating and set a $14.00 target price for the company in a research note on Wednesday, May 29th.
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Sohu.com Company Profile
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.
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