Greenwoods Asset Management Ltd buys $7,934,976 stake in Sohu.com Inc (SOHU)

Sohu.com Inc (SOHU) : Greenwoods Asset Management Ltd scooped up 34,000 additional shares in Sohu.com Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 201,600 shares of Sohu.com Inc which is valued at $7,934,976.Sohu.com Inc makes up approximately 0.74% of Greenwoods Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , 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.Tiaa Cref Investment Management boosted its stake in SOHU in the latest quarter, The investment management firm added 15,366 additional shares and now holds a total of 49,730 shares of Sohu.com Inc which is valued at $1,957,373.Quantbot Technologies Lp boosted its stake in SOHU in the latest quarter, The investment management firm added 1,088 additional shares and now holds a total of 1,178 shares of Sohu.com Inc which is valued at $44,010. Capital Fund Management S.a. sold out all of its stake in SOHU during the most recent quarter. The investment firm sold 52,433 shares of SOHU which is valued $2,050,130.

Sohu.com Inc opened for trading at $40.52 and hit $42.4 on the upside on Monday, eventually ending the session at $41.98, with a gain of 4.32% or 1.74 points. The heightened volatility saw the trading volume jump to 8,28,968 shares. Company has a market cap of $1,626 M.

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. 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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