Fosun International Ltd Cuts Holdings in Sohu.com Ltd – (SOHU)
Fosun International Ltd trimmed its position in shares of Sohu.com Ltd – (NASDAQ:SOHU) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,161,450 shares of the information services provider’s stock after selling 119,329 shares during the quarter. Sohu.com makes up approximately 1.1% of Fosun International Ltd’s holdings, making the stock its 19th largest position. Fosun International Ltd owned 2.98% of Sohu.com worth $23,090,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Sohu.com by 92.7% during the 2nd quarter. BlackRock Inc. now owns 2,359,171 shares of the information services provider’s stock valued at $83,752,000 after acquiring an additional 1,134,983 shares in the last quarter. Platinum Investment Management Ltd. bought a new stake in shares of Sohu.com in the 2nd quarter worth approximately $31,196,000. Maso Capital Partners Ltd boosted its position in shares of Sohu.com by 185.9% in the 2nd quarter. Maso Capital Partners Ltd now owns 274,500 shares of the information services provider’s stock worth $9,745,000 after purchasing an additional 178,500 shares in the last quarter. River & Mercantile Asset Management LLP boosted its position in shares of Sohu.com by 19.0% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 190,977 shares of the information services provider’s stock worth $6,779,000 after purchasing an additional 30,444 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Sohu.com by 22.8% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 150,050 shares of the information services provider’s stock worth $5,327,000 after purchasing an additional 27,900 shares in the last quarter. 61.62% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. BidaskClub raised Sohu.com from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd. ValuEngine cut Sohu.com from a “hold” rating to a “sell” rating in a research report on Monday, July 30th.
Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, November 5th. The information services provider reported ($0.81) EPS for the quarter, topping analysts’ consensus estimates of ($1.64) by $0.83. Sohu.com had a negative return on equity of 15.31% and a negative net margin of 24.54%. The firm had revenue of $459.82 million for the quarter, compared to analysts’ expectations of $461.00 million. During the same period in the previous year, the firm posted ($2.38) EPS. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, analysts forecast that Sohu.com Ltd – will post -5.09 earnings per share for the current fiscal year.
Sohu.com Inc provides online media, search, and game services on personal computers (PCs), mobile devices, and tablets in the People's Republic of China. The company operates sohu.com, which provides online news and information; Sohu News APP, a mobile phone application, as well as m.sohu.com mobile portal; tv.sohu.com that offers online video content and service, as well as Sohu Video APP, a mobile phone application; and focus.cn, which provides online real estate information and services.
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