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.
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.
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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