Sogou Inc (SOGO) Holdings Lifted by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Sogou Inc (NYSE:SOGO) by 36.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,300 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. Raymond James & Associates’ holdings in Sogou were worth $335,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SOGO. Krane Funds Advisors LLC acquired a new position in shares of Sogou during the 2nd quarter worth approximately $8,857,000. New Silk Road Investment PTE Ltd. acquired a new position in shares of Sogou during the 2nd quarter worth approximately $5,715,000. BlackRock Inc. increased its holdings in shares of Sogou by 684.9% during the 2nd quarter. BlackRock Inc. now owns 430,492 shares of the company’s stock worth $4,921,000 after acquiring an additional 375,646 shares during the last quarter. Maso Capital Partners Ltd acquired a new position in shares of Sogou during the 2nd quarter worth approximately $1,469,000. Finally, Trexquant Investment LP acquired a new position in shares of Sogou during the 2nd quarter worth approximately $1,003,000. 5.61% of the stock is currently owned by hedge funds and other institutional investors.

SOGO stock opened at $5.58 on Tuesday. Sogou Inc has a 1-year low of $5.50 and a 1-year high of $15.50.



Sogou (NYSE:SOGO) last issued its quarterly earnings data on Monday, July 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $301.42 million during the quarter, compared to analyst estimates of $304.46 million. During the same period in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 42.9% compared to the same quarter last year. On average, analysts anticipate that Sogou Inc will post 0.23 earnings per share for the current year.

A number of research firms recently weighed in on SOGO. JPMorgan Chase & Co. lowered Sogou from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Deutsche Bank lowered Sogou from a “hold” rating to a “sell” rating and set a $8.20 target price on the stock. in a report on Tuesday, July 31st. Finally, Zacks Investment Research lowered Sogou from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.13.

About Sogou

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.

See Also: How much money do you need to begin day trading?

Want to see what other hedge funds are holding SOGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sogou Inc (NYSE:SOGO).

Institutional Ownership by Quarter for Sogou (NYSE:SOGO)

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.

Leave a Reply