Trexquant Investment LP boosted its position in Sogou Inc (NYSE:SOGO) by 44.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,607 shares of the company’s stock after acquiring an additional 38,898 shares during the quarter. Trexquant Investment LP’s holdings in Sogou were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Sogou during the 3rd quarter worth $186,000. TB Alternative Assets Ltd. lifted its stake in shares of Sogou by 18.6% during the 3rd quarter. TB Alternative Assets Ltd. now owns 1,312,944 shares of the company’s stock valued at $9,755,000 after buying an additional 205,479 shares in the last quarter. New Silk Road Investment PTE Ltd. lifted its stake in shares of Sogou by 5.0% during the 3rd quarter. New Silk Road Investment PTE Ltd. now owns 525,000 shares of the company’s stock valued at $3,901,000 after buying an additional 25,000 shares in the last quarter. Nomura Holdings Inc. lifted its stake in shares of Sogou by 949.1% during the 2nd quarter. Nomura Holdings Inc. now owns 1,201,753 shares of the company’s stock valued at $13,736,000 after buying an additional 1,087,198 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Sogou during the 2nd quarter valued at $659,000. 7.72% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Sogou from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. ValuEngine cut shares of Sogou from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Deutsche Bank upgraded shares of Sogou from a “sell” rating to a “hold” rating in a research note on Monday, November 5th. Finally, Credit Suisse Group cut shares of Sogou from an “outperform” rating to a “neutral” rating in a research note on Monday, November 5th. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $12.13.
Sogou (NYSE:SOGO) last released its earnings results on Monday, November 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $276.57 million for the quarter, compared to analysts’ expectations of $281.19 million. Sogou had a net margin of 7.96% and a return on equity of 13.07%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research analysts expect that Sogou Inc will post 0.28 earnings per share for the current year.
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Sogou Inc provides search and search-related services in the People's Republic of China. The company provides Sogou Search, a search engine; and Sogou Input Method, a Chinese language input software for mobile and PC MAUs. It also offers search and search-related advertising services; Internet value-added services related to the operation of Web games and mobile games developed by third parties; and online reading services, as well as other products and services, including smart hardware products.
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