Is Sohu.com Inc (NASDAQ:SOHU) a buy, sell, or hold? Investors who are in the know are getting more bullish. The number of long hedge fund positions advanced by 3 in recent months.
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With these “truths” under our belt, it’s important to take a gander at the key action regarding Sohu.com Inc (NASDAQ:SOHU).
What does the smart money think about Sohu.com Inc (NASDAQ:SOHU)?
At year’s end, a total of 15 of the hedge funds we track held long positions in this stock, a change of 25% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their stakes considerably.
According to our comprehensive database, Orbis Investment Management, managed by William B. Gray, holds the biggest position in Sohu.com Inc (NASDAQ:SOHU). Orbis Investment Management has a $358 million position in the stock, comprising 3.6% of its 13F portfolio. Sitting at the No. 2 spot is Kerr Neilson of Platinum Asset Management, with a $114 million position; the fund has 2.5% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Thomas E. Claugus’s GMT Capital, Cliff Asness’s AQR Capital Management and Daniel S. Och’s OZ Management.
Now, some big names were breaking ground themselves. OZ Management, managed by Daniel S. Och, created the most valuable position in Sohu.com Inc (NASDAQ:SOHU). OZ Management had 10 million invested in the company at the end of the quarter. Eric Semler’s TCS Capital Management also initiated a $4 million position during the quarter. The other funds with brand new SOHU positions are Mike Vranos’s Ellington, Bruce Kovner’s Caxton Associates LP, and Glenn Russell Dubin’s Highbridge Capital Management.
Insider trading activity in Sohu.com Inc (NASDAQ:SOHU)
Insider buying is most useful when the primary stock in question has experienced transactions within the past half-year. Over the last half-year time period, Sohu.com Inc (NASDAQ:SOHU) has seen zero unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Sohu.com Inc (NASDAQ:SOHU). These stocks are Yelp Inc (NYSE:YELP), Kayak Software Corp (NASDAQ:KYAK), ValueClick Inc (NASDAQ:VCLK), Shutterfly, Inc. (NASDAQ:SFLY), and InterXion Holding NV (NYSE:INXN). This group of stocks are the members of the internet information providers industry and their market caps are similar to SOHU’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Yelp Inc (NYSE:YELP) | 9 | 0 | 15 |
| Kayak Software Corp (NASDAQ:KYAK) | 8 | 0 | 0 |
| ValueClick Inc (NASDAQ:VCLK) | 16 | 0 | 9 |
| Shutterfly, Inc. (NASDAQ:SFLY) | 14 | 0 | 9 |
| InterXion Holding NV (NYSE:INXN) | 19 | 0 | 0 |
With the returns exhibited by Insider Monkey’s time-tested strategies, retail investors should always monitor hedge fund and insider trading activity, and Sohu.com Inc (NASDAQ:SOHU) shareholders fit into this picture quite nicely.
