BNP Paribas Financial Markets Raises Holdings in Sohu.com Limited (NASDAQ:SOHU)

BNP Paribas Financial Markets raised its position in shares of Sohu.com Limited (NASDAQ:SOHU) by 75.1% in the third quarter, Holdings Channel.com reports. The fund owned 5,519 shares of the information services provider’s stock after buying an additional 2,367 shares during the quarter. BNP Paribas Financial Markets’ holdings in Sohu.com were worth $87,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC purchased a new stake in Sohu.com during the 3rd quarter worth $3,774,000. Bank of Montreal Can purchased a new stake in shares of Sohu.com in the third quarter worth about $2,357,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Sohu.com by 166.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock valued at $2,908,000 after buying an additional 115,407 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Sohu.com in the third quarter valued at about $312,000. Finally, Blue Trust Inc. raised its holdings 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 valued at $200,000 after buying an additional 8,667 shares during the period. 33.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sohu.com from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Sohu.com Trading Down 1.8 %

SOHU stock opened at $12.81 on Thursday. The firm has a 50 day simple moving average of $13.71 and a 200-day simple moving average of $14.35. The company has a market capitalization of $414.44 million, a P/E ratio of -4.56 and a beta of 1.16. Sohu.com Limited has a twelve month low of $8.79 and a twelve month high of $17.24.

Sohu.com 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.