Russell Investments Group Ltd. Trims Position in Sohu.com Ltd – (SOHU)

Russell Investments Group Ltd. lowered its holdings in Sohu.com Ltd – (NASDAQ:SOHU) by 21.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,384 shares of the information services provider’s stock after selling 18,936 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Sohu.com worth $1,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SOHU. Nomura Holdings Inc. purchased a new position in Sohu.com during the 2nd quarter worth $888,000. PEAK6 Investments L.P. boosted its holdings in Sohu.com by 200.4% during the 2nd quarter. PEAK6 Investments L.P. now owns 45,864 shares of the information services provider’s stock worth $1,628,000 after acquiring an additional 91,564 shares during the last quarter. Jane Street Group LLC boosted its holdings in Sohu.com by 101.2% during the 2nd quarter. Jane Street Group LLC now owns 45,919 shares of the information services provider’s stock worth $1,630,000 after acquiring an additional 23,095 shares during the last quarter. BlackRock Inc. boosted its holdings in Sohu.com by 92.7% during the 2nd quarter. BlackRock Inc. now owns 2,359,171 shares of the information services provider’s stock worth $83,752,000 after acquiring an additional 1,134,983 shares during the last quarter. Finally, Maso Capital Partners Ltd boosted its holdings in Sohu.com by 185.9% during the 2nd quarter. Maso Capital Partners Ltd now owns 274,500 shares of the information services provider’s stock worth $9,745,000 after acquiring an additional 178,500 shares during the last quarter. 59.49% of the stock is owned by institutional investors and hedge funds.

SOHU opened at $22.27 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Sohu.com Ltd – has a 1 year low of $15.89 and a 1 year high of $47.98.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, November 5th. The information services provider reported ($0.81) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.64) by $0.83. The firm had revenue of $459.82 million for the quarter, compared to the consensus estimate of $461.00 million. Sohu.com had a negative net margin of 24.54% and a negative return on equity of 15.31%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.38) EPS. Research analysts forecast that Sohu.com Ltd – will post -5.09 earnings per share for the current fiscal year.

Separately, BidaskClub raised shares of Sohu.com from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd.

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

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