Sohu.com (NASDAQ:SOHU) Stock Rating Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Sohu.com from “hold” to “sell.”
• Other analyst views remain more positive: Jefferies cut its price target from $19.00 to $18.70 but kept a “buy” rating, and the consensus rating is “Moderate Buy” with an $18.70 average target.
• Sohu shares opened at $11.67, close to their 52-week low of $11.49; the reported 52-week high is $17.30.

Sohu.com (NASDAQ:SOHU - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group reduced their price target on shares of Sohu.com from $19.00 to $18.70 and set a "buy" rating for the company in a research report on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Sohu.com in a research note on Friday, September 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.70.

Sohu.com Stock Performance

NASDAQ:SOHU opened at $11.67 on Friday. The stock has a market capitalization of $304.24 million, a PE ratio of 1.33 and a beta of 0.32. Sohu.com has a fifty-two week low of $11.49 and a fifty-two week high of $17.30. The company has a fifty day moving average of $12.91 and a two-hundred day moving average of $14.22.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Sohu.com in the 3rd quarter worth $437,000. Integrated Wealth Concepts LLC purchased a new position in shares of Sohu.com during the 2nd quarter worth $76,000. Public Employees Retirement System of Ohio acquired a new position in shares of Sohu.com during the 2nd quarter valued at about $1,221,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Sohu.com by 77.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,834 shares of the information services provider's stock valued at $44,000 after acquiring an additional 1,241 shares during the last quarter. 33.02% of the stock is owned by institutional investors and hedge funds.

More Sohu.com News

Here's some of the latest news about SOHU:

• Neutral Sentiment: Several headlines discuss claims about Nvidia CEO Jensen Huang, including an alleged resignation, but they concern Nvidia and provide no reported connection to Sohu.com’s business or financial performance. Article: Huang Renxun resigns as president, CEO and director
• Neutral Sentiment: Other recent items cover sports, entertainment, local news, and international affairs; none identifies a material development for SOHU. The shares are near their reported 52-week low, but the articles do not explain that weakness. Article: School sports day snack relay

About Sohu.com

Sohu.com Ltd. is a Chinese internet company that operates online media and video platforms. Its services include the Sohu.com portal and Sohu News, which provide news, information and other digital content to users in China. The company also operates online games through Changyou, its game development and publishing business. Changyou's offerings include online games for PC and mobile devices. Founded in 1996 by Charles Zhang, Sohu was among China's early internet companies. Zhang serves as the company's chairman and chief executive officer, and Sohu's services primarily serve the Chinese market.

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