In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sohu Com Inc. (NASDAQ:SOHU) reported that Zhang Charles has picked up 7,791,520 of common stock as of 2017-05-30.
The acquisition brings the aggregate amount owned by Zhang Charles to a total of 7,791,520 representing less than 20.03% stake in the company.
For those not familiar with the company, Sohu.com Inc. (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment. The Sohu segment’s business is the brand advertising business, which offers to users, over its matrices of Chinese language online media, various content, products and services across multiple Internet-enabled devices, such as PCs, mobile phones and tablets. The search and search-related business primarily offers advertisers pay-for-click services, as well as online marketing services on Web directories operated by Sogou. Changyou’s business lines consist of the online game business; the platform channel business, which consists primarily of online advertising and also includes Internet value-added services (IVAS), and the cinema advertising business.
A glance at Sohu Com Inc. (NASDAQ:SOHU)’s key stats reveals a current market capitalization of 1.81 Billion based on 38.85 Million shares outstanding and a price at last close of $46.50 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-12, Zhang picked up 25,000 at a purchase price of $40.06. This brings their total holding to 68,700 as of the date of the filing.
On the sell side, the most recent transaction saw Zhang unload 4,086 shares at a sale price of $47.57. This brings their total holding to 690,266.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Sohu Com Inc. (NASDAQ:SOHU) as things move forward to see if its progress aligns with these transactions.
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