Renaissance Technologies LLC Reduces Stake in Sohu.com Limited (NASDAQ:SOHU)

Renaissance Technologies LLC trimmed its holdings in shares of Sohu.com Limited (NASDAQ:SOHU - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 922,773 shares of the information services provider's stock after selling 54,500 shares during the period. Renaissance Technologies LLC owned about 2.85% of Sohu.com worth $12,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MASO CAPITAL PARTNERS Ltd lifted its position in shares of Sohu.com by 2.1% during the 4th quarter. MASO CAPITAL PARTNERS Ltd now owns 906,256 shares of the information services provider's stock valued at $11,944,000 after buying an additional 18,474 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Sohu.com by 63.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider's stock worth $3,972,000 after purchasing an additional 116,746 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Sohu.com by 36.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider's stock worth $3,520,000 after purchasing an additional 71,259 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Sohu.com in the third quarter valued at approximately $1,350,000. Finally, E Fund Management Co. Ltd. lifted its stake in shares of Sohu.com by 129.7% during the 4th 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. 33.02% of the stock is owned by hedge funds and other institutional investors.

Sohu.com Price Performance

SOHU stock traded up $0.42 during midday trading on Friday, reaching $8.33. The company had a trading volume of 211,680 shares, compared to its average volume of 81,744. The firm has a 50-day moving average price of $12.77 and a 200-day moving average price of $13.29. The company has a market capitalization of $269.50 million, a P/E ratio of -2.66 and a beta of 0.87. Sohu.com Limited has a 1 year low of $7.79 and a 1 year high of $17.24.

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 firm 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 prior year, the company posted ($0.37) earnings per share.

Analyst Ratings Changes

Separately, StockNews.com cut Sohu.com from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st.

About Sohu.com

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.