Sohu.com Inc (SOHU) : Simplex Trading scooped up 906 additional shares in Sohu.com Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 22,517 shares of Sohu.com Inc which is valued at $966,880.Sohu.com Inc makes up approximately 0.13% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in SOHU by selling 4,458 shares or 62.74% in the most recent quarter. The Hedge Fund company now holds 2,648 shares of SOHU which is valued at $118,313. Eqis Capital Management sold out all of its stake in SOHU during the most recent quarter. The investment firm sold 6,036 shares of SOHU which is valued $269,688.
Sohu.com Inc closed down -1.46 points or -3.29% at $42.94 with 1,52,926 shares getting traded on Friday. Post opening the session at $44.31, the shares hit an intraday low of $42.8 and an intraday high of $44.49 and the price fluctuated in this range throughout the day.Shares ended Friday 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.