Strs Ohio Acquires New Holdings in Sohu.com Inc. $SOHU

Strs Ohio purchased a new stake in shares of Sohu.com Inc. (NASDAQ:SOHU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 104,732 shares of the information services provider's stock, valued at approximately $1,379,000. Strs Ohio owned about 0.35% of Sohu.com as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of Sohu.com by 1.5% during the first quarter. Acadian Asset Management LLC now owns 665,858 shares of the information services provider's stock valued at $8,743,000 after buying an additional 10,058 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Sohu.com by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider's stock valued at $674,000 after purchasing an additional 9,168 shares during the period. Vident Advisory LLC raised its position in shares of Sohu.com by 15.6% in the first quarter. Vident Advisory LLC now owns 47,498 shares of the information services provider's stock valued at $626,000 after purchasing an additional 6,398 shares during the period. E Fund Management Co. Ltd. grew its stake in Sohu.com by 39.8% during the first quarter. E Fund Management 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. Finally, Russell Investments Group Ltd. grew its stake in Sohu.com by 8.5% in the 1st quarter. Russell Investments Group Ltd. now owns 38,069 shares of the information services provider's stock worth $506,000 after buying an additional 2,993 shares in the last quarter. 33.02% of the stock is currently owned by institutional investors and hedge funds.

Sohu.com Stock Up 0.6%

SOHU stock opened at $15.77 on Thursday. Sohu.com Inc. has a twelve month low of $7.79 and a twelve month high of $17.24. The stock has a market capitalization of $474.20 million, a price-to-earnings ratio of 3.78 and a beta of 0.37. The firm's fifty day simple moving average is $15.42 and its two-hundred day simple moving average is $12.84.

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

Wall Street Analyst Weigh In

SOHU has been the subject of a number of recent research reports. Citigroup restated a "buy" rating and issued a $20.00 price objective (up from $17.00) on shares of Sohu.com in a report on Monday, August 4th. Wall Street Zen raised shares of Sohu.com from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $20.00.

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.

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