Hhlr Advisors LTD. Has $2.65 Million Stock Position in Sohu.com Inc. $SOHU

Key Points

• Hhlr Advisors LTD. has significantly reduced its stake in Sohu.com Inc. by selling 309,052 shares, resulting in a 60.5% decrease in its holdings.
• Despite this, other institutional investors like Vident Advisory LLC and E Fund Management Co. Ltd. have increased their stakes in Sohu.com during the same quarter, reflecting mixed sentiment among investors.
• Sohu.com shares opened at $16.08, with analysts having a consensus rating of "Buy" and a target price increase to $20.00, indicative of positive long-term outlooks.

Hhlr Advisors LTD. decreased its holdings in Sohu.com Inc. (NASDAQ:SOHU - Free Report) by 60.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,432 shares of the information services provider's stock after selling 309,052 shares during the quarter. Hhlr Advisors LTD. owned approximately 0.67% of Sohu.com worth $2,653,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in shares of Sohu.com by 226.5% during the 4th quarter. BNP Paribas Financial Markets now owns 18,021 shares of the information services provider's stock worth $238,000 after buying an additional 12,502 shares during the last quarter. Caption Management LLC acquired a new stake in Sohu.com during the 4th quarter valued at $315,000. D. E. Shaw & Co. Inc. increased its holdings in Sohu.com by 11.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider's stock worth $2,104,000 after purchasing an additional 16,449 shares during the last quarter. Man Group plc bought a new position in Sohu.com during the 4th quarter valued at $166,000. Finally, Two Sigma Advisers LP acquired a new position in Sohu.com in the fourth quarter worth about $134,000. 33.02% of the stock is currently owned by hedge funds and other institutional investors.

Sohu.com Price Performance

Shares of SOHU stock traded down $0.64 during trading hours on Thursday, reaching $15.57. The stock had a trading volume of 82,376 shares, compared to its average volume of 96,572. The firm has a market capitalization of $468.19 million, a PE ratio of 3.73 and a beta of 0.37. The firm has a 50-day simple moving average of $15.02 and a 200-day simple moving average of $12.72. Sohu.com Inc. has a twelve month low of $7.79 and a twelve month high of $17.24.

Sohu.com (NASDAQ:SOHU - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The information services provider reported ($0.69) earnings per share (EPS) for the quarter. Sohu.com had a negative return on equity of 6.37% and a net margin of 22.70%.The business had revenue of $126.27 million during the quarter.

Wall Street Analyst Weigh In

SOHU has been the topic of several research analyst reports. Wall Street Zen upgraded Sohu.com from a "sell" rating to a "hold" rating in a research note on Wednesday, May 28th. Citigroup reissued a "buy" rating and set a $20.00 target price (up from $17.00) on shares of Sohu.com in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Sohu.com presently has a consensus rating of "Buy" and a consensus price target of $20.00.

About Sohu.com

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.