Glovista Investments Lowers stake in Sohu.com Inc (SOHU)

Sohu.com Inc (SOHU) : Glovista Investments reduced its stake in Sohu.com Inc by 5.21% during the most recent quarter end. The investment management company now holds a total of 35,140 shares of Sohu.com Inc which is valued at $1.4 Million after selling 1,931 shares in Sohu.com Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Sohu.com Inc makes up approximately 0.24% of Glovista Investments’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SOHU in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 7,900 shares of Sohu.com Inc which is valued at $312,208. Group One Trading sold out all of its stake in SOHU during the most recent quarter. The investment firm sold 1,629 shares of SOHU which is valued $64,378.Norges Bank reduced its stake in SOHU by selling 143,875 shares or 39.66% in the most recent quarter. The Hedge Fund company now holds 218,937 shares of SOHU which is valued at $8.7 Million.Penserra Capital Management boosted its stake in SOHU in the latest quarter, The investment management firm added 1,074 additional shares and now holds a total of 4,961 shares of Sohu.com Inc which is valued at $196,059. Sohu.com Inc makes up approx 0.03% of Penserra Capital Management’s portfolio.Gargoyle Investment Advisor L.l.c. boosted its stake in SOHU in the latest quarter, The investment management firm added 7,619 additional shares and now holds a total of 11,223 shares of Sohu.com Inc which is valued at $443,533. Sohu.com Inc makes up approx 0.15% of Gargoyle Investment Advisor L.l.c.’s portfolio.

Sohu.com Inc opened for trading at $40.16 and hit $40.6001 on the upside on Wednesday, eventually ending the session at $40.22, with a gain of 0.83% or 0.33 points. The heightened volatility saw the trading volume jump to 3,96,380 shares. Company has a market cap of $1,555 M.

On the company’s financial health, Sohu.com Inc reported $-0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.44. The company had revenue of $408.00 million for the quarter, compared to analysts expectations of $408.54 million. The company’s revenue was down -10.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.81 EPS.

Many Wall Street Analysts have commented on Sohu.com Inc. Sohu.com Inc was Downgraded by JP Morgan to ” Underweight” on Feb 23, 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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