FMR LLC purchased a new position in shares of Sohu.com Limited (NASDAQ:SOHU - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 239,632 shares of the information services provider's stock, valued at approximately $3,774,000. FMR LLC owned approximately 0.74% of Sohu.com at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Sohu.com by 166.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider's stock valued at $2,908,000 after acquiring an additional 115,407 shares during the period. Blue Trust Inc. raised its stake in shares of Sohu.com by 213.3% during the third quarter. Blue Trust Inc. now owns 12,730 shares of the information services provider's stock valued at $200,000 after purchasing an additional 8,667 shares during the period. Bank of Montreal Can acquired a new position in shares of Sohu.com during the third quarter worth $2,357,000. Headlands Technologies LLC purchased a new position in shares of Sohu.com in the second quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Sohu.com during the 3rd quarter valued at $312,000. Institutional investors and hedge funds own 33.02% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Sohu.com from a "hold" rating to a "buy" rating in a research report on Wednesday, November 13th.
Get Our Latest Analysis on Sohu.com
Sohu.com Trading Down 1.4 %
NASDAQ SOHU traded down $0.19 during trading hours on Friday, reaching $13.80. 73,108 shares of the company traded hands, compared to its average volume of 69,966. The stock has a market capitalization of $446.43 million, a PE ratio of -4.91 and a beta of 1.16. Sohu.com Limited has a 12 month low of $8.79 and a 12 month high of $17.24. The company has a 50 day moving average of $13.85 and a two-hundred day moving average of $14.32.
Sohu.com Company 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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