Bank of Montreal Can purchased a new stake in Sohu.com Limited (NASDAQ:SOHU - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 151,544 shares of the information services provider's stock, valued at approximately $2,357,000. Bank of Montreal Can owned approximately 0.47% of Sohu.com as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sohu.com by 166.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider's stock worth $2,908,000 after buying an additional 115,407 shares during the last quarter. Blue Trust Inc. boosted its position in Sohu.com by 213.3% during the third quarter. Blue Trust Inc. now owns 12,730 shares of the information services provider's stock worth $200,000 after purchasing an additional 8,667 shares during the period. Headlands Technologies LLC bought a new stake in Sohu.com during the second quarter worth approximately $36,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Sohu.com during the third quarter valued at approximately $312,000. Institutional investors and hedge funds own 33.02% of the company's stock.
Sohu.com Stock Up 1.5 %
SOHU stock traded up $0.21 during mid-day trading on Friday, reaching $13.80. 41,606 shares of the stock traded hands, compared to its average volume of 69,768. The firm has a market capitalization of $446.43 million, a PE ratio of -4.84 and a beta of 1.16. The business has a 50-day moving average of $14.12 and a two-hundred day moving average of $14.23. Sohu.com Limited has a 52 week low of $8.79 and a 52 week high of $17.24.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Sohu.com from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.
View Our Latest Stock Analysis on Sohu.com
Sohu.com Profile
(
Free Report)
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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