Sohu.com Inc. (NASDAQ:SOHU) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Sohu.com Inc. (NASDAQ:SOHU) by 72.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,514 shares of the information services provider’s stock after selling 9,467 shares during the quarter. Rhumbline Advisers’ holdings in Sohu.com were worth $46,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Two Sigma Advisers LP purchased a new stake in Sohu.com in the 4th quarter worth approximately $134,000. BNP Paribas Financial Markets boosted its holdings in shares of Sohu.com by 226.5% during the fourth quarter. BNP Paribas Financial Markets now owns 18,021 shares of the information services provider’s stock worth $238,000 after purchasing an additional 12,502 shares during the last quarter. Sei Investments Co. grew its position in shares of Sohu.com by 47.6% in the fourth quarter. Sei Investments Co. now owns 17,354 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 5,600 shares during the period. Trexquant Investment LP grew its position in shares of Sohu.com by 84.4% in the fourth quarter. Trexquant Investment LP now owns 28,123 shares of the information services provider’s stock valued at $371,000 after purchasing an additional 12,873 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Sohu.com by 36.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider’s stock valued at $3,520,000 after purchasing an additional 71,259 shares during the last quarter. Institutional investors and hedge funds own 33.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Wednesday, May 28th.

Sohu.com Price Performance

Shares of SOHU stock opened at $12.91 on Friday. The firm’s 50-day simple moving average is $10.58 and its 200-day simple moving average is $12.09. Sohu.com Inc. has a 1-year low of $7.79 and a 1-year high of $17.24. The firm has a market cap of $388.20 million, a P/E ratio of 3.49 and a beta of 0.71.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, May 19th. The information services provider reported ($0.55) EPS for the quarter. The company had revenue of $135.65 million for the quarter. Sohu.com had a negative return on equity of 7.86% and a net margin of 17.97%.

Sohu.com Company Profile

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.