Commerzbank Aktiengesellschaft FI Purchases 13 Shares of Sohu.com Inc. (SOHU)

Commerzbank Aktiengesellschaft FI boosted its position in Sohu.com Inc. (NASDAQ:SOHU) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,462 shares of the information services provider’s stock after acquiring an additional 13 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.05% of Sohu.com worth $877,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in Sohu.com by 12.9% in the first quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock valued at $243,000 after acquiring an additional 706 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Sohu.com by 8.7% during the first quarter. Penserra Capital Management LLC now owns 9,954 shares of the information services provider’s stock worth $391,000 after purchasing an additional 793 shares in the last quarter. SG Americas Securities LLC raised its holdings in Sohu.com by 37.8% during the first quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock worth $187,000 after purchasing an additional 1,302 shares in the last quarter. UBS Group AG raised its holdings in Sohu.com by 48.8% during the first quarter. UBS Group AG now owns 8,812 shares of the information services provider’s stock worth $347,000 after purchasing an additional 2,891 shares in the last quarter. Finally, Westpac Banking Corp acquired a new stake in Sohu.com during the second quarter worth approximately $194,000. 63.25% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Sohu.com Inc. (NASDAQ:SOHU) opened at 55.45 on Friday. The firm’s 50 day moving average is $54.40 and its 200 day moving average is $45.81. Sohu.com Inc. has a 12 month low of $32.60 and a 12 month high of $58.98. The stock’s market capitalization is $2.16 billion.

Sohu.com (NASDAQ:SOHU) last posted its earnings results on Monday, July 31st. The information services provider reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.73) by ($0.12). Sohu.com had a negative net margin of 17.93% and a negative return on equity of 19.12%. The business had revenue of $461.20 million during the quarter, compared to analyst estimates of $456.10 million. During the same period in the previous year, the firm posted ($1.61) earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that Sohu.com Inc. will post ($5.73) earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Sohu.com from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Morgan Stanley raised shares of Sohu.com from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $36.00 to $60.00 in a report on Tuesday, August 1st. TheStreet raised shares of Sohu.com from a “d+” rating to a “c-” rating in a report on Friday, August 18th. ValuEngine upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, HSBC Holdings plc lowered shares of Sohu.com from a “buy” rating to a “hold” rating and lifted their price objective for the company from $48.00 to $57.00 in a research report on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $58.50.

Sohu.com Company Profile

Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.

Institutional Ownership by Quarter for Sohu.com (NASDAQ:SOHU)

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