Ariose Capital Management Ltd acquired a new position in Sogou Inc (NYSE:SOGO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 186,019 shares of the company’s stock, valued at approximately $2,152,000. Sogou comprises about 0.9% of Ariose Capital Management Ltd’s holdings, making the stock its 8th largest holding.
Several other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sogou during the 4th quarter worth approximately $1,250,000. Virtu Financial LLC acquired a new position in shares of Sogou during the 4th quarter worth approximately $223,000. UBS Asset Management Americas Inc. acquired a new position in shares of Sogou during the 4th quarter worth approximately $29,190,000. BlackRock Inc. acquired a new position in shares of Sogou during the 4th quarter worth approximately $29,425,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Sogou during the 4th quarter worth approximately $14,439,000. Institutional investors and hedge funds own 0.54% of the company’s stock.
Several research analysts have recently weighed in on SOGO shares. Credit Suisse Group started coverage on Sogou in a report on Monday, December 4th. They set an “outperform” rating and a $16.30 target price on the stock. JPMorgan Chase & Co. started coverage on Sogou in a report on Thursday, December 7th. They set an “overweight” rating and a $17.00 target price on the stock. Finally, Zacks Investment Research cut Sogou from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th.
Sogou (NYSE:SOGO) last issued its earnings results on Monday, January 29th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The company had revenue of $277.79 million for the quarter, compared to analyst estimates of $267.56 million. analysts anticipate that Sogou Inc will post 0.29 EPS for the current year.
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Sogou Company Profile
Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
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