Sohu.com Inc (SOHU) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Sohu.com Inc (NASDAQ:SOHU) by 44.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 60,342 shares of the information services provider’s stock after selling 47,858 shares during the period. California Public Employees Retirement System’s holdings in Sohu.com were worth $3,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOHU. Renaissance Technologies LLC increased its stake in Sohu.com by 19.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,398,900 shares of the information services provider’s stock valued at $108,094,000 after purchasing an additional 385,900 shares in the last quarter. Public Sector Pension investment Board purchased a new position in Sohu.com in the 2nd quarter valued at approximately $15,771,000. Russell Investments Group Ltd. increased its stake in Sohu.com by 113.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 361,171 shares of the information services provider’s stock valued at $19,663,000 after purchasing an additional 191,828 shares in the last quarter. Macquarie Group Ltd. increased its stake in Sohu.com by 3.7% in the 2nd quarter. Macquarie Group Ltd. now owns 4,149,467 shares of the information services provider’s stock valued at $186,983,000 after purchasing an additional 149,839 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Sohu.com by 38.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 372,614 shares of the information services provider’s stock valued at $16,795,000 after purchasing an additional 104,339 shares in the last quarter. 63.21% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on SOHU shares. TheStreet downgraded Sohu.com from a “c-” rating to a “d+” rating in a research note on Friday, December 8th. Deutsche Bank downgraded Sohu.com from a “buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a research note on Monday, October 30th. ValuEngine raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $58.00.

Shares of Sohu.com Inc (NASDAQ:SOHU) opened at $44.51 on Friday. The company has a market capitalization of $1,762.49, a price-to-earnings ratio of -5.28 and a beta of 1.28. Sohu.com Inc has a fifty-two week low of $37.78 and a fifty-two week high of $70.86.

Sohu.com (NASDAQ:SOHU) last announced its earnings results on Friday, October 27th. The information services provider reported ($2.38) EPS for the quarter, missing analysts’ consensus estimates of ($1.24) by ($1.14). The company had revenue of $516.10 million for the quarter, compared to analyst estimates of $493.47 million. Sohu.com had a negative net margin of 18.51% and a negative return on equity of 21.72%. Sohu.com’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.68) EPS. research analysts expect that Sohu.com Inc will post -7.92 earnings per share for the current year.

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About Sohu.com

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.

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

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