Sohu.com (NASDAQ:SOHU) Releases Earnings Results

Key Points

• Sohu.com reported a quarterly earnings per share (EPS) of ($0.69), with a net margin of 17.97% and a negative return on equity of 7.86%.
• Goldman Sachs increased its stake in Sohu.com by 21.8% during the first quarter, holding 0.17% of the company worth approximately $674,000.
• Wall Street analysts upgraded Sohu.com from a "sell" to a "hold" rating as they forecast growth for the company.

Sohu.com (NASDAQ:SOHU - Get Free Report) issued its earnings results on Monday. The information services provider reported ($0.69) earnings per share (EPS) for the quarter, Zacks reports. Sohu.com had a negative return on equity of 6.37% and a net margin of 22.70%. The company had revenue of $126.27 million for the quarter.

Sohu.com Stock Performance

Sohu.com stock traded down $0.53 during mid-day trading on Friday, hitting $15.21. 45,215 shares of the company traded hands, compared to its average volume of 100,596. The stock has a market cap of $457.36 million, a price-to-earnings ratio of 3.65 and a beta of 0.30. Sohu.com has a one year low of $7.79 and a one year high of $17.24. The stock has a fifty day moving average price of $13.14 and a 200-day moving average price of $12.41.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sohu.com stock. Goldman Sachs Group Inc. raised its stake in shares of Sohu.com Inc. (NASDAQ:SOHU - Free Report) by 21.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,197 shares of the information services provider's stock after purchasing an additional 9,168 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.17% of Sohu.com worth $674,000 at the end of the most recent reporting period. Institutional investors own 33.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SOHU shares. Wall Street Zen upgraded shares of Sohu.com from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. Citigroup reiterated a "buy" rating and set a $20.00 target price (up previously from $17.00) on shares of Sohu.com in a research report on Monday.

Sohu.com Company Profile

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.