E Fund Management Co. Ltd. Increases Stock Position in Sohu.com Inc. $SOHU

Key Points

• E Fund Management Co. Ltd. increased its stake in Sohu.com by 39.8%, owning approximately 0.21% of the company with a total valuation of $839,000 at the end of the last quarter.
• Analysts have issued mixed ratings for Sohu.com, with Citigroup maintaining a "buy" rating and raising the target price to $20.00, while Wall Street Zen upgraded the stock from "sell" to "hold."
• As of the latest financial results, Sohu.com reported a loss of ($0.69) earnings per share and had a market cap of approximately $477.81 million, with a notable P/E ratio of 3.81.

E Fund Management Co. Ltd. boosted its stake in Sohu.com Inc. (NASDAQ:SOHU - Free Report) by 39.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,682 shares of the information services provider's stock after buying an additional 18,123 shares during the period. E Fund Management Co. Ltd. owned approximately 0.21% of Sohu.com worth $839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOHU. Caption Management LLC purchased a new stake in Sohu.com in the 4th quarter valued at about $315,000. E Fund Management Hong Kong Co. Ltd. grew its position in Sohu.com by 39.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 63,682 shares of the information services provider's stock valued at $839,000 after acquiring an additional 18,123 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Sohu.com by 11.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider's stock valued at $2,104,000 after acquiring an additional 16,449 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in Sohu.com in the 1st quarter valued at about $216,000. Finally, Legacy Capital Group California Inc. acquired a new position in Sohu.com in the 1st quarter valued at about $214,000. 33.02% of the stock is currently owned by hedge funds and other institutional investors.

Sohu.com Price Performance

Shares of Sohu.com stock traded down $0.27 on Monday, reaching $15.30. 54,910 shares of the company were exchanged, compared to its average volume of 98,537. Sohu.com Inc. has a 1-year low of $7.79 and a 1-year high of $17.24. The company has a market cap of $460.07 million, a P/E ratio of 3.67 and a beta of 0.30. The stock's 50 day moving average price is $13.77 and its 200-day moving average price is $12.51.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup reaffirmed a "buy" rating and issued a $20.00 target price (up from $17.00) on shares of Sohu.com in a research report on Monday, August 4th. Wall Street Zen raised Sohu.com from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th.

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.