California Public Employees Retirement System cut its holdings in shares of Sohu.com Limited (NASDAQ:SOHU – Get Rating) by 6.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,961 shares of the information services provider's stock after selling 3,953 shares during the quarter. California Public Employees Retirement System owned 0.15% of Sohu.com worth $975,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SOHU. Russell Investments Group Ltd. boosted its position in Sohu.com by 37.8% during the 4th quarter. Russell Investments Group Ltd. now owns 43,600 shares of the information services provider's stock worth $703,000 after acquiring an additional 11,970 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Sohu.com during the 4th quarter worth about $662,000. Acadian Asset Management LLC raised its stake in shares of Sohu.com by 68.5% during the 4th quarter. Acadian Asset Management LLC now owns 745,597 shares of the information services provider's stock worth $12,123,000 after purchasing an additional 303,144 shares in the last quarter. Berry Street Capital Management LLP raised its stake in shares of Sohu.com by 175.0% during the 4th quarter. Berry Street Capital Management LLP now owns 206,250 shares of the information services provider's stock worth $3,358,000 after purchasing an additional 131,250 shares in the last quarter. Finally, Maso Capital Partners Ltd raised its stake in shares of Sohu.com by 15.5% during the 4th quarter. Maso Capital Partners Ltd now owns 372,476 shares of the information services provider's stock worth $6,064,000 after purchasing an additional 50,000 shares in the last quarter. 37.94% of the stock is currently owned by institutional investors and hedge funds.
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Sohu.com Price Performance
SOHU opened at $17.35 on Wednesday. Sohu.com Limited has a fifty-two week low of $12.87 and a fifty-two week high of $24.50. The business has a 50-day moving average of $15.87 and a 200-day moving average of $16.33. The company has a market capitalization of $663.13 million, a PE ratio of 0.78 and a beta of 1.47.
Sohu.com (NASDAQ:SOHU – Get Rating) last posted its quarterly earnings results on Monday, May 16th. The information services provider reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.38. Sohu.com had a return on equity of 4.27% and a net
margin of 109.21%. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $172.91 million. On average, equities research analysts expect that Sohu.com Limited will post -1.65 earnings per share for the current fiscal year.
About Sohu.com
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Sohu.com Limited provides online media, video, and game products and services on PCs and mobile devices in China. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, and ifox, a PC video application.
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