Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Sogou Inc (NYSE:SOGO) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 25,040 shares of the company’s stock, valued at approximately $186,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TB Alternative Assets Ltd. lifted its stake in Sogou by 18.6% in the third quarter. TB Alternative Assets Ltd. now owns 1,312,944 shares of the company’s stock valued at $9,755,000 after acquiring an additional 205,479 shares during the last quarter. New Silk Road Investment PTE Ltd. lifted its stake in Sogou by 5.0% in the third quarter. New Silk Road Investment PTE Ltd. now owns 525,000 shares of the company’s stock valued at $3,901,000 after acquiring an additional 25,000 shares during the last quarter. Nomura Holdings Inc. lifted its stake in Sogou by 949.1% in the second quarter. Nomura Holdings Inc. now owns 1,201,753 shares of the company’s stock valued at $13,736,000 after acquiring an additional 1,087,198 shares during the last quarter. California Public Employees Retirement System acquired a new stake in Sogou in the second quarter valued at approximately $659,000. Finally, Millennium Management LLC acquired a new stake in Sogou in the second quarter valued at approximately $5,860,000. 7.43% of the stock is owned by institutional investors and hedge funds.
Shares of Sogou stock opened at $5.96 on Friday. Sogou Inc has a 1-year low of $5.38 and a 1-year high of $15.50. The firm has a market capitalization of $2.42 billion and a PE ratio of 19.68.
Sogou (NYSE:SOGO) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. Sogou had a net margin of 7.96% and a return on equity of 13.07%. The business had revenue of $276.57 million during the quarter, compared to analysts’ expectations of $281.19 million. Sogou’s revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that Sogou Inc will post 0.28 EPS for the current fiscal year.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Sogou from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine cut shares of Sogou from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Credit Suisse Group cut shares of Sogou from an “outperform” rating to a “neutral” rating in a research note on Monday, November 5th. Finally, Deutsche Bank upgraded shares of Sogou from a “sell” rating to a “hold” rating in a research note on Monday, November 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.73.
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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.
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