Wells Fargo & Company MN bought a new stake in shares of Sogou (NYSE:SOGO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,247,950 shares of the company’s stock, valued at approximately $14,439,000. Wells Fargo & Company MN owned approximately 0.32% of Sogou as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOGO. CI Investments Inc. bought a new stake in Sogou in the 4th quarter valued at $3,471,000. FNY Managed Accounts LLC bought a new stake in shares of Sogou in the 4th quarter worth about $363,000. TB Alternative Assets Ltd. bought a new stake in shares of Sogou in the 4th quarter worth about $18,038,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Sogou in the 4th quarter worth about $650,000. Finally, SG Americas Securities LLC bought a new stake in shares of Sogou in the 4th quarter worth about $1,351,000. Institutional investors own 7.99% of the company’s stock.
Shares of SOGO traded down $0.12 during mid-day trading on Friday, hitting $8.12. The company’s stock had a trading volume of 1,032,737 shares, compared to its average volume of 1,500,164. Sogou has a 52-week low of $7.91 and a 52-week high of $14.70. The stock has a market capitalization of $3,272.64 and a PE ratio of 28.00.
Sogou (NYSE:SOGO) last announced its quarterly earnings results on Monday, January 29th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.06. The business had revenue of $277.79 million during the quarter, compared to analysts’ expectations of $267.56 million. equities analysts expect that Sogou will post 0.37 earnings per share for the current fiscal year.
SOGO has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Sogou from a “buy” rating to a “hold” rating in a report on Saturday, March 24th. Deutsche Bank started coverage on shares of Sogou in a research report on Thursday, March 15th. They issued a “hold” rating and a $8.00 price objective for the company.
TRADEMARK VIOLATION WARNING: “1,247,950 Shares in Sogou (NYSE:SOGO) Purchased by Wells Fargo & Company MN” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/1247950-shares-in-sogou-inc-sogo-acquired-by-wells-fargo-company-mn.html.
Sogou Company Profile
Sogou Inc provides search and search-related services in the People's Republic of China. The company provides Sogou Search, a search engine; and Sogou Input Method, a Chinese language input software for mobile and PC MAUs. It also offers search and search-related advertising services; Internet value-added services related to the operation of Web games and mobile games developed by third parties; and online reading services, as well as other products and services, including smart hardware products.
Receive News & Ratings for Sogou Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sogou and related companies with MarketBeat.com's FREE daily email newsletter.