Millennium Management LLC Cuts Position in Sohu.com Limited (NASDAQ:SOHU)

Millennium Management LLC lessened its stake in Sohu.com Limited (NASDAQ:SOHU) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,445 shares of the information services provider’s stock after selling 29,618 shares during the quarter. Millennium Management LLC owned 1.11% of Sohu.com worth $5,129,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Sohu.com in the 2nd quarter valued at about $36,000. Blue Trust Inc. increased its holdings in Sohu.com by 1,973.0% during the 2nd quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 3,867 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Sohu.com by 31.1% during the 1st quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock valued at $328,000 after acquiring an additional 7,363 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Sohu.com by 4.1% during the 1st quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock valued at $512,000 after acquiring an additional 1,914 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Sohu.com by 46.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Sohu.com Trading Up 0.3 %

NASDAQ:SOHU opened at $15.75 on Friday. The firm has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $13.63. Sohu.com Limited has a twelve month low of $7.80 and a twelve month high of $17.24. The company has a market capitalization of $520.54 million, a P/E ratio of -9.49 and a beta of 1.18.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings results on Monday, August 5th. The information services provider reported ($1.04) earnings per share (EPS) for the quarter. Sohu.com had a negative return on equity of 7.34% and a negative net margin of 9.00%. The firm had revenue of $172.33 million for the quarter.

Sohu.com Company Profile

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.