Connor Clark & Lunn Investment Management Ltd. Has $675,000 Position in Sohu.com Limited (NASDAQ:SOHU)

Posted by Defense World Staff on Aug 25th, 2023

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Sohu.com Limited (NASDAQ:SOHU – Free Report) by 31.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,797 shares of the information services provider’s stock after selling 21,244 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Sohu.com worth $675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Sohu.com by 144.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 49,940 shares of the information services provider’s stock valued at $803,000 after purchasing an additional 29,479 shares during the period. American Century Companies Inc. lifted its stake in shares of Sohu.com by 71.8% in the 4th quarter. American Century Companies Inc. now owns 46,051 shares of the information services provider’s stock valued at $631,000 after purchasing an additional 19,248 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Sohu.com in the 2nd quarter valued at about $321,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Sohu.com in the 3rd quarter valued at about $285,000. Finally, Virtu Financial LLC acquired a new position in shares of Sohu.com in the 4th quarter valued at about $191,000. 37.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SOHU has been the topic of a number of research reports. StockNews.com initiated coverage on Sohu.com in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup dropped their price target on Sohu.com from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, August 7th.

Get Our Latest Stock Report on Sohu.com

Sohu.com Stock Down 2.1 %

SOHU stock opened at $10.94 on Friday. The stock’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $12.89. Sohu.com Limited has a fifty-two week low of $10.73 and a fifty-two week high of $18.26.

Sohu.com Profile

(Free Report)

Sohu.com Limited provides online media, video, and game products and services on PCs and mobile devices in China. 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.