Sohu.com (NASDAQ:SOHU) Issues 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 quarterly earnings results on Monday. The information services provider reported ($0.69) EPS for the quarter, Zacks reports. Sohu.com had a net margin of 17.97% and a negative return on equity of 7.86%.

Sohu.com Stock Performance

NASDAQ:SOHU opened at $15.40 on Monday. Sohu.com has a 1 year low of $7.79 and a 1 year high of $17.24. The stock has a market cap of $463.08 million, a P/E ratio of 4.16 and a beta of 0.30. The stock has a 50-day simple moving average of $12.71 and a 200-day simple moving average of $12.33.

Hedge Funds Weigh In On Sohu.com

A hedge fund recently raised its stake in Sohu.com stock. Goldman Sachs Group Inc. grew its stake in Sohu.com Inc. (NASDAQ:SOHU - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,197 shares of the information services provider's stock after buying an additional 9,168 shares during the period. Goldman Sachs Group Inc. owned 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

Separately, Wall Street Zen upgraded Sohu.com from a "sell" rating to a "hold" rating in a research note on Wednesday, May 28th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.