Bank of Montreal Can Takes $2.36 Million Position in Sohu.com Limited (NASDAQ:SOHU)

Bank of Montreal Can acquired a new stake in shares of Sohu.com Limited (NASDAQ:SOHU) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 151,544 shares of the information services provider’s stock, valued at approximately $2,357,000.

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Sohu.com during the second quarter worth approximately $36,000. Blue Trust Inc. raised its position in shares of Sohu.com by 1,973.0% in the 2nd quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 3,867 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Sohu.com during the third quarter valued at about $312,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 valued at $2,908,000 after acquiring an additional 115,407 shares during the period. 33.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sohu.com Stock Up 0.1 %

Shares of NASDAQ SOHU opened at $13.59 on Friday. The company’s 50-day simple moving average is $14.12 and its 200-day simple moving average is $14.23. The firm has a market cap of $439.64 million, a price-to-earnings ratio of -4.84 and a beta of 1.16. Sohu.com Limited has a 52-week low of $8.67 and a 52-week high of $17.24.

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.