Sogou Inc (SOGO) Stake Increased by BlackRock Inc.

BlackRock Inc. lifted its position in Sogou Inc (NYSE:SOGO) by 684.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,492 shares of the company’s stock after acquiring an additional 375,646 shares during the quarter. BlackRock Inc. owned approximately 0.11% of Sogou worth $4,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC purchased a new position in shares of Sogou in the 1st quarter worth about $189,000. UBS Group AG boosted its holdings in shares of Sogou by 2,945.9% in the 1st quarter. UBS Group AG now owns 46,084 shares of the company’s stock worth $380,000 after buying an additional 44,571 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Sogou in the 2nd quarter worth about $1,003,000. Hedge funds and other institutional investors own 5.61% of the company’s stock.

A number of equities analysts recently weighed in on SOGO shares. Deutsche Bank raised shares of Sogou from a “sell” rating to a “hold” rating in a report on Monday, November 5th. ValuEngine downgraded shares of Sogou from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of Sogou from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Sogou from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Finally, Credit Suisse Group downgraded shares of Sogou from an “outperform” rating to a “neutral” rating in a report on Monday, November 5th. Five research analysts have rated the stock with a hold rating, Sogou currently has a consensus rating of “Hold” and an average target price of $12.13.

Shares of NYSE:SOGO opened at $5.75 on Friday. The stock has a market capitalization of $2.50 billion and a P/E ratio of 19.83. Sogou Inc has a fifty-two week low of $5.38 and a fifty-two week high of $15.50.

Sogou (NYSE:SOGO) last released its quarterly earnings data on Monday, November 5th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $276.57 million for the quarter, compared to the consensus estimate of $281.19 million. Sogou had a net margin of 7.96% and a return on equity of 13.07%. Sogou’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts predict that Sogou Inc will post 0.28 earnings per share for the current fiscal year.

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Sogou Company Profile

Sogou Inc provides search and search-related services in the People's Republic of China. The company provides Sogou Search, a search engine; and Sogou Input Method, a Chinese language input software for mobile and PC MAUs. It also offers search and search-related advertising services; Internet value-added services related to the operation of Web games and mobile games developed by third parties; and online reading services, as well as other products and services, including smart hardware products.

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Institutional Ownership by Quarter for Sogou (NYSE:SOGO)

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