Vontobel Holding Ltd. Makes New Investment in Sohu.com Limited (NASDAQ:SOHU)

Vontobel Holding Ltd. purchased a new position in shares of Sohu.com Limited (NASDAQ:SOHU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,891 shares of the information services provider’s stock, valued at approximately $144,000.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC acquired a new stake in Sohu.com during the third quarter worth $3,774,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Sohu.com by 166.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock worth $2,908,000 after buying an additional 115,407 shares in the last quarter. Bank of Montreal Can acquired a new stake in Sohu.com during the third quarter worth $2,357,000. Public Employees Retirement System of Ohio bought a new position in shares of Sohu.com during the third quarter valued at $1,350,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Sohu.com by 129.7% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 45,559 shares of the information services provider’s stock valued at $600,000 after acquiring an additional 25,721 shares during the period. Institutional investors and hedge funds own 33.02% of the company’s stock.

Sohu.com Stock Performance

Shares of NASDAQ SOHU opened at $14.45 on Friday. The stock has a market cap of $467.46 million, a PE ratio of -4.62 and a beta of 1.13. The business has a fifty day moving average of $13.21 and a two-hundred day moving average of $14.10. Sohu.com Limited has a 52-week low of $8.79 and a 52-week high of $17.24.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $134.68 million for the quarter. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. During the same period in the previous year, the firm posted ($0.37) earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Sohu.com from a “buy” rating to a “hold” rating in a report on Wednesday.

About Sohu.com

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.