Sensato Investors Lowers stake in Sohu.com Inc (SOHU)

Sohu.com Inc (SOHU) : Sensato Investors reduced its stake in Sohu.com Inc by 20.34% during the most recent quarter end. The investment management company now holds a total of 429,037 shares of Sohu.com Inc which is valued at $16,886,896 after selling 109,538 shares in Sohu.com Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sohu.com Inc makes up approximately 2.81% of Sensato Investors’s portfolio.

Other Hedge Funds, Including , Invictus Rg reduced its stake in SOHU by selling 5,569 shares or 76.1% in the most recent quarter. The Hedge Fund company now holds 1,749 shares of SOHU which is valued at $68,841. Sohu.com Inc makes up approx 0.07% of Invictus Rg’s portfolio. Allianz Asset Management Ag sold out all of its stake in SOHU during the most recent quarter. The investment firm sold 5,990 shares of SOHU which is valued $235,766.Hsbc Holdings Plc reduced its stake in SOHU by selling 499,547 shares or 49.91% in the most recent quarter. The Hedge Fund company now holds 501,298 shares of SOHU which is valued at $19,731,089. Sohu.com Inc makes up approx 0.06% of Hsbc Holdings Plc’s portfolio.Peak6 Investments boosted its stake in SOHU in the latest quarter, The investment management firm added 44,107 additional shares and now holds a total of 53,508 shares of Sohu.com Inc which is valued at $2,106,075. Sohu.com Inc makes up approx 0.13% of Peak6 Investments’s portfolio.Contrarius Investment Management Ltd reduced its stake in SOHU by selling 28,646 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 299,093 shares of SOHU which is valued at $11,174,114. Sohu.com Inc makes up approx 0.87% of Contrarius Investment Management Ltd’s portfolio.

Sohu.com Inc closed down -1.13 points or -2.66% at $41.41 with 2,88,710 shares getting traded on Thursday. Post opening the session at $42.74, the shares hit an intraday low of $41.275 and an intraday high of $42.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Sohu.com Inc reported $-1.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $-1.34. The company had revenue of $420.14 million for the quarter, compared to analysts expectations of $439.15 million. The company’s revenue was down -14.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Sohu.com Inc. JP Morgan Resumed Sohu.com Inc on Aug 31, 2016 to “Underweight”, Price Target of the shares are set at $40.Sohu.com Inc was Downgraded by Citigroup to ” Neutral” on Jul 22, 2016.

Sohu.com Inc. (Sohu) is an online media search and game service company providing online products and services on personal computers (PCs) and mobile devices. The Company operates through four segments: brand advertising segment and the others segment (both operated by Sohu) the Sogou segment and the Changyou segment. Sohu’s main business is the brand advertising business which offers to users over its matrices of Chinese language online media various content products and services across multiple Internet-enabled devices such as PCs mobile phones and tablets. Sohu engages in the others business which includes mobile-related services and mobile products. Sogou is an online search client software and mobile Internet product provider. Changyou is an online game developer and operator as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional and engages in the development operation and licensing of online games for PCs and mobile devices.

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