Sohu.com Ltd – (NASDAQ:SOHU) Shares Purchased by BNP Paribas Arbitrage SA


BNP Paribas Arbitrage SA boosted its position in Sohu.com Ltd – (NASDAQ:SOHU) by 21,794.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,941 shares of the information services provider’s stock after buying an additional 3,923 shares during the period. BNP Paribas Arbitrage SA’s holdings in Sohu.com were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Krane Funds Advisors LLC purchased a new stake in Sohu.com in the first quarter valued at approximately $6,192,000. River & Mercantile Asset Management LLP boosted its position in Sohu.com by 11.5% in the 1st quarter. River & Mercantile Asset Management LLP now owns 371,859 shares of the information services provider’s stock worth $6,160,000 after purchasing an additional 38,480 shares in the last quarter. Maso Capital Partners Ltd boosted its position in Sohu.com by 4.7% in the 1st quarter. Maso Capital Partners Ltd now owns 294,500 shares of the information services provider’s stock worth $4,883,000 after purchasing an additional 13,200 shares in the last quarter. Majedie Asset Management Ltd boosted its position in Sohu.com by 3.1% in the 1st quarter. Majedie Asset Management Ltd now owns 170,253 shares of the information services provider’s stock worth $2,825,000 after purchasing an additional 5,168 shares in the last quarter. Finally, Segantii Capital Management Ltd boosted its position in Sohu.com by 16.7% in the 2nd quarter. Segantii Capital Management Ltd now owns 6,230 shares of the information services provider’s stock worth $87,000 after purchasing an additional 890 shares in the last quarter. Hedge funds and other institutional investors own 52.62% of the company’s stock.

SOHU has been the topic of several recent research reports. ValuEngine upgraded Sohu.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a research note on Wednesday, June 12th. Finally, BidaskClub downgraded Sohu.com from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 9th.

Shares of SOHU stock traded up $0.53 during trading hours on Friday, hitting $12.97. 24,303 shares of the company’s stock were exchanged, compared to its average volume of 396,837. The firm has a 50 day moving average of $11.06 and a two-hundred day moving average of $14.82. Sohu.com Ltd – has a fifty-two week low of $8.79 and a fifty-two week high of $23.60. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.02. The firm has a market cap of $502.14 million, a P/E ratio of -3.15 and a beta of 1.50.

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

About Sohu.com

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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