Arrowstreet Capital Limited Partnership Buys New Position in Sogou Inc (SOGO)
Arrowstreet Capital Limited Partnership bought a new stake in shares of Sogou Inc (NYSE:SOGO) during the 4th quarter, Holdings Channel reports. The firm bought 108,070 shares of the company’s stock, valued at approximately $1,250,000.
A number of other large investors have also added to or reduced their stakes in SOGO. Virtu Financial LLC purchased a new position in Sogou during the 4th quarter valued at about $223,000. FNY Managed Accounts LLC purchased a new position in Sogou during the 4th quarter valued at about $363,000. Quantitative Systematic Strategies LLC purchased a new position in Sogou during the 4th quarter valued at about $650,000. SG Americas Securities LLC purchased a new position in Sogou during the 4th quarter valued at about $1,351,000. Finally, CI Investments Inc. purchased a new position in Sogou during the 4th quarter valued at about $3,471,000. 7.88% of the stock is currently owned by institutional investors.
SOGO has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on Sogou in a research note on Monday, December 4th. They set an “outperform” rating and a $16.30 target price on the stock. JPMorgan Chase & Co. initiated coverage on Sogou in a research note on Thursday, December 7th. They set an “overweight” rating and a $17.00 target price on the stock. Finally, Zacks Investment Research cut Sogou from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th.
Sogou (NYSE:SOGO) last announced its quarterly earnings results on Monday, January 29th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The firm had revenue of $277.79 million during the quarter, compared to the consensus estimate of $267.56 million. analysts forecast that Sogou Inc will post 0.29 EPS for the current fiscal year.
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Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
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