Legacy Capital Group California Inc. Invests $214,000 in Sohu.com Inc. (NASDAQ:SOHU)

Legacy Capital Group California Inc. acquired a new position in Sohu.com Inc. (NASDAQ:SOHU - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,240 shares of the information services provider's stock, valued at approximately $214,000. Legacy Capital Group California Inc. owned 0.05% of Sohu.com at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Seldon Capital LP bought a new position in shares of Sohu.com during the fourth quarter valued at approximately $132,000. Two Sigma Advisers LP purchased a new stake in Sohu.com during the fourth quarter worth $134,000. Man Group plc bought a new stake in Sohu.com during the 4th quarter valued at $166,000. Contravisory Investment Management Inc. purchased a new position in shares of Sohu.com in the 1st quarter valued at $216,000. Finally, Sei Investments Co. raised its position in shares of Sohu.com by 47.6% in the 4th quarter. Sei Investments Co. now owns 17,354 shares of the information services provider's stock worth $229,000 after acquiring an additional 5,600 shares in the last quarter. 33.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SOHU. Wall Street Zen raised Sohu.com from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th. Citigroup reaffirmed a "buy" rating and issued a $20.00 price objective (up previously from $17.00) on shares of Sohu.com in a research report on Monday.

Sohu.com Price Performance

Sohu.com stock opened at $15.99 on Thursday. The business has a fifty day moving average price of $13.03 and a 200-day moving average price of $12.39. Sohu.com Inc. has a 1-year low of $7.79 and a 1-year high of $17.24. The stock has a market capitalization of $480.82 million, a price-to-earnings ratio of 3.83 and a beta of 0.30.

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

Sohu.com 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.

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