Changyou.com Limited (CYOU) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in Changyou.com Limited (NASDAQ:CYOU) by 175.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,590 shares of the technology company’s stock after buying an additional 79,919 shares during the period. Dimensional Fund Advisors LP owned 0.24% of Changyou.com Limited worth $3,522,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. FIL Ltd increased its stake in Changyou.com Limited by 243.8% in the first quarter. FIL Ltd now owns 355,570 shares of the technology company’s stock worth $9,970,000 after buying an additional 252,160 shares during the period. Pictet Asset Management Ltd. bought a new stake in Changyou.com Limited during the first quarter worth about $4,833,000. Neuberger Berman Group LLC increased its stake in Changyou.com Limited by 2.9% in the first quarter. Neuberger Berman Group LLC now owns 1,869,547 shares of the technology company’s stock worth $52,422,000 after buying an additional 52,290 shares during the period. Airain ltd bought a new stake in Changyou.com Limited during the first quarter worth about $676,000. Finally, Schroder Investment Management Group increased its stake in Changyou.com Limited by 3.5% in the first quarter. Schroder Investment Management Group now owns 528,222 shares of the technology company’s stock worth $15,239,000 after buying an additional 18,022 shares during the period. Institutional investors and hedge funds own 26.56% of the company’s stock.
Changyou.com Limited (NASDAQ CYOU) traded up 0.61% during trading on Wednesday, hitting $39.38. 40,948 shares of the stock were exchanged. Changyou.com Limited has a 1-year low of $21.12 and a 1-year high of $44.55.
Changyou.com Limited (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, July 31st. The technology company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.44. The business had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $158.05 million. Changyou.com Limited had a return on equity of 13.57% and a net margin of 30.03%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts forecast that Changyou.com Limited will post $3.90 EPS for the current fiscal year.
CYOU has been the subject of a number of research analyst reports. HSBC Holdings plc downgraded shares of Changyou.com Limited from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Citigroup Inc. upgraded shares of Changyou.com Limited from a “sell” rating to a “neutral” rating in a report on Monday, June 5th. Deutsche Bank AG downgraded shares of Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Tuesday, August 1st. BidaskClub upgraded shares of Changyou.com Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Mizuho downgraded shares of Changyou.com Limited from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $42.00 to $30.00 in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $37.50.
Changyou.com Limited Company Profile
Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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