Shares of Sohu.com Limited (NASDAQ:SOHU – Get Free Report) saw unusually-high trading volume on Monday . Approximately 31,729 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 58,376 shares.The stock last traded at $15.53 and had previously closed at $15.76.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.
Check Out Our Latest Stock Analysis on Sohu.com
Sohu.com Price Performance
Hedge Funds Weigh In On Sohu.com
A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in Sohu.com by 31.1% during the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock worth $328,000 after buying an additional 7,363 shares in the last quarter. Athos Capital Ltd bought a new position in Sohu.com during the 4th quarter worth approximately $71,000. Blue Trust Inc. raised its holdings in Sohu.com by 1,973.0% during the 2nd quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after purchasing an additional 3,867 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Sohu.com in the second quarter worth $36,000. Finally, GSA Capital Partners LLP increased its position in Sohu.com by 4.1% in the 1st quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock valued at $512,000 after buying an additional 1,914 shares in the last quarter. 33.02% of the stock is owned by institutional investors.
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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