Connor Clark & Lunn Investment Management Ltd. Acquires 116,746 Shares of Sohu.com Limited (NASDAQ:SOHU)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Sohu.com Limited (NASDAQ:SOHU - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 301,388 shares of the information services provider's stock after buying an additional 116,746 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.93% of Sohu.com worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SOHU. BNP Paribas Financial Markets grew its position in Sohu.com by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 5,519 shares of the information services provider's stock worth $87,000 after acquiring an additional 2,367 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Sohu.com in the fourth quarter worth $144,000. Blue Trust Inc. increased its position in Sohu.com by 78.7% during the fourth quarter. Blue Trust Inc. now owns 22,745 shares of the information services provider's stock worth $300,000 after buying an additional 10,015 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Sohu.com by 129.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 45,559 shares of the information services provider's stock valued at $600,000 after buying an additional 25,721 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Sohu.com by 129.7% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 45,559 shares of the information services provider's stock worth $600,000 after buying an additional 25,721 shares during the last quarter. Institutional investors and hedge funds own 33.02% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sohu.com from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th.

Sohu.com Stock Performance

Shares of NASDAQ:SOHU traded down $0.28 during midday trading on Thursday, hitting $13.88. The company's stock had a trading volume of 68,681 shares, compared to its average volume of 59,079. Sohu.com Limited has a fifty-two week low of $9.65 and a fifty-two week high of $17.24. The stock has a market capitalization of $449.06 million, a price-to-earnings ratio of -4.43 and a beta of 1.12. The stock's 50 day simple moving average is $13.41 and its 200 day simple moving average is $13.89.

Sohu.com (NASDAQ:SOHU - Get Free Report) last issued its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $134.68 million during the quarter. Sohu.com had a negative return on equity of 8.49% and a negative net margin of 16.76%. During the same period in the previous year, the firm posted ($0.37) earnings per share.

Sohu.com Profile

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.