Northern Trust Corp Acquires 3,011 Shares of Sohu.com Ltd – (NASDAQ:SOHU)

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Northern Trust Corp raised its holdings in shares of Sohu.com Ltd – (NASDAQ:SOHU) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,419 shares of the information services provider’s stock after purchasing an additional 3,011 shares during the quarter. Northern Trust Corp’s holdings in Sohu.com were worth $622,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Sohu.com by 40.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,726 shares of the information services provider’s stock worth $122,000 after purchasing an additional 2,520 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Sohu.com by 21,794.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,941 shares of the information services provider’s stock valued at $55,000 after acquiring an additional 3,923 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sohu.com by 118.6% in the second quarter. JPMorgan Chase & Co. now owns 103,953 shares of the information services provider’s stock valued at $1,461,000 after acquiring an additional 56,392 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Sohu.com by 78.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,314 shares of the information services provider’s stock valued at $760,000 after acquiring an additional 23,793 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Sohu.com by 6.6% in the second quarter. Renaissance Technologies LLC now owns 2,014,100 shares of the information services provider’s stock valued at $28,197,000 after acquiring an additional 124,051 shares in the last quarter. Institutional investors and hedge funds own 53.57% of the company’s stock.

SOHU stock opened at $9.97 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.72 and a quick ratio of 1.72. The business has a 50-day moving average price of $10.99 and a 200 day moving average price of $13.44. The company has a market capitalization of $398.96 million, a P/E ratio of -2.41 and a beta of 1.46. Sohu.com Ltd – has a 1-year low of $8.79 and a 1-year high of $23.60.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings data on Monday, August 5th. The information services provider reported ($1.27) earnings per share for the quarter, beating the consensus estimate of ($1.55) by $0.28. The firm had revenue of $474.76 million during the quarter, compared to the consensus estimate of $480.38 million. Sohu.com had a negative return on equity of 8.74% and a negative net margin of 6.98%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted ($1.27) earnings per share. On average, analysts anticipate that Sohu.com Ltd – will post -5.39 earnings per share for the current fiscal year.

Several research firms recently weighed in on SOHU. BidaskClub downgraded Sohu.com from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 9th. ValuEngine upgraded Sohu.com from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

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

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