Strs Ohio Makes New $1.38 Million Investment in Sohu.com Inc. $SOHU

Key Points

• Strs Ohio has invested approximately $1.38 million in Sohu.com Inc., acquiring 104,732 shares in the 1st quarter.
• Institutional investors collectively own 33.02% of Sohu.com, with several firms recently increasing their stakes in the company.
• Sohu.com has a current consensus rating of "Buy" from analysts, with a target price raised to $20.00.

Strs Ohio bought a new position in shares of Sohu.com Inc. (NASDAQ:SOHU - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 104,732 shares of the information services provider's stock, valued at approximately $1,379,000. Strs Ohio owned approximately 0.35% of Sohu.com as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SOHU. Two Sigma Advisers LP acquired a new stake in Sohu.com during the 4th quarter worth $134,000. BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 12,502 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Sohu.com by 8.5% during the 1st quarter. Russell Investments Group Ltd. now owns 38,069 shares of the information services provider's stock worth $506,000 after acquiring an additional 2,993 shares in the last quarter. Legacy Capital Group California Inc. acquired a new stake in Sohu.com during the 1st quarter worth $214,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Sohu.com by 39.8% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 63,682 shares of the information services provider's stock worth $839,000 after acquiring an additional 18,123 shares in the last quarter. 33.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SOHU has been the topic of several research analyst reports. Wall Street Zen upgraded shares of 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 price objective (up from $17.00) on shares of Sohu.com in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $20.00.

Sohu.com Stock Performance

NASDAQ:SOHU traded down $0.15 during trading hours on Friday, hitting $15.58. The company's stock had a trading volume of 38,321 shares, compared to its average volume of 70,451. The company has a market capitalization of $468.49 million, a PE ratio of 3.74 and a beta of 0.37. Sohu.com Inc. has a 52-week low of $7.79 and a 52-week high of $17.24. The business's 50-day moving average is $15.49 and its two-hundred day moving average is $12.86.

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

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.