JPMorgan Chase & Co. Decreases Stake in Sohu.com Limited (NASDAQ:SOHU)

JPMorgan Chase & Co. lessened its holdings in shares of Sohu.com Limited (NASDAQ:SOHU) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,741 shares of the information services provider’s stock after selling 1,454 shares during the period. JPMorgan Chase & Co.’s holdings in Sohu.com were worth $59,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SOHU. Blue Trust Inc. raised its position in shares of Sohu.com by 213.3% during the 3rd quarter. Blue Trust Inc. now owns 12,730 shares of the information services provider’s stock worth $200,000 after acquiring an additional 8,667 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Sohu.com during the 3rd quarter worth about $312,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Sohu.com by 166.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock worth $2,908,000 after acquiring an additional 115,407 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Sohu.com during the 3rd quarter worth about $2,357,000. Finally, FMR LLC acquired a new stake in shares of Sohu.com during the 3rd quarter worth about $3,774,000. Institutional investors and hedge funds own 33.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sohu.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Sohu.com Stock Down 1.6 %

SOHU opened at $12.39 on Tuesday. The firm has a market cap of $400.82 million, a price-to-earnings ratio of -4.41 and a beta of 1.13. Sohu.com Limited has a 52 week low of $8.79 and a 52 week high of $17.24. The business’s 50 day moving average is $13.05 and its two-hundred day moving average is $14.15.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings results on Tuesday, November 12th. The information services provider reported ($0.39) EPS for the quarter. The firm had revenue of $151.99 million for the quarter. Sohu.com had a negative return on equity of 7.67% and a negative net margin of 15.14%.

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.