UBS Group AG boosted its position in shares of Changyou.com Limited (NASDAQ:CYOU) by 39.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,258 shares of the technology company’s stock after buying an additional 1,205 shares during the period. UBS Group AG’s holdings in Changyou.com Limited were worth $119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KEYWISE CAPITAL MANAGEMENT Ltd bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $496,000. Airain ltd bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $676,000. Sei Investments Co. boosted its position in shares of Changyou.com Limited by 1.2% in the first quarter. Sei Investments Co. now owns 5,320 shares of the technology company’s stock worth $149,000 after buying an additional 61 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $370,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $4,833,000. Institutional investors own 26.07% of the company’s stock.

Changyou.com Limited (NASDAQ CYOU) traded down 1.47% on Friday, hitting $40.90. The company had a trading volume of 183,717 shares. Changyou.com Limited has a 12-month low of $20.78 and a 12-month high of $44.55.

Changyou.com Limited (NASDAQ:CYOU) last posted its earnings results on Monday, July 31st. The technology company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.44. The firm had revenue of $150.40 million for the quarter, compared to the consensus estimate of $158.05 million. Changyou.com Limited had a net margin of 30.03% and a return on equity of 13.57%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. Equities research analysts expect that Changyou.com Limited will post $3.96 earnings per share for the current fiscal year.

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A number of brokerages have commented on CYOU. BidaskClub upgraded Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Changyou.com Limited from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 2nd. Deutsche Bank AG cut Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research note on Tuesday, August 1st. HSBC Holdings plc cut Changyou.com Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Mizuho cut Changyou.com Limited from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $42.00 to $30.00 in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $37.50.

About Changyou.com Limited

Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.

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Institutional Ownership by Quarter for Changyou.com Limited (NASDAQ:CYOU)

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