SG Americas Securities LLC boosted its stake in shares of Sohu.com Inc (NASDAQ:SOHU) by 671.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,416 shares of the information services provider’s stock after purchasing an additional 27,342 shares during the quarter. SG Americas Securities LLC’s holdings in Sohu.com were worth $971,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Sohu.com during the fourth quarter worth $209,000. Global X Management Co. LLC boosted its position in 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 purchasing an additional 1,596 shares during the period. Koch Industries Inc. bought a new stake in shares of Sohu.com in the fourth quarter valued at about $351,000. Granite Point Capital Management L.P. bought a new stake in shares of Sohu.com in the fourth quarter valued at about $434,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Sohu.com in the fourth quarter valued at about $464,000. 61.96% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Charles Zhang acquired 128,940 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was acquired at an average price of $30.89 per share, with a total value of $3,982,956.60. Following the completion of the transaction, the chief executive officer now directly owns 68,700 shares of the company’s stock, valued at approximately $2,122,143. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Group Ltd Photon acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were purchased at an average cost of $35.51 per share, with a total value of $1,775,500.00. Following the transaction, the insider now directly owns 7,901,760 shares of the company’s stock, valued at $280,591,497.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 491,665 shares of company stock valued at $16,492,387. 21.07% of the stock is currently owned by company insiders.
Shares of Sohu.com opened at $37.37 on Friday, MarketBeat reports. The stock has a market capitalization of $1.46 billion, a PE ratio of -4.26 and a beta of 1.20. Sohu.com Inc has a 52-week low of $26.70 and a 52-week high of $70.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.20 and a quick ratio of 2.20.
Sohu.com (NASDAQ:SOHU) last announced its earnings results on Wednesday, April 25th. The information services provider reported ($2.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.40) by ($1.10). The business had revenue of $455.00 million during the quarter, compared to the consensus estimate of $419.26 million. Sohu.com had a negative net margin of 29.82% and a negative return on equity of 22.41%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.75) EPS. analysts anticipate that Sohu.com Inc will post -6.09 earnings per share for the current year.
A number of brokerages have recently issued reports on SOHU. BidaskClub cut shares of Sohu.com from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.50.
Sohu.com Company 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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