Sohu.com (NASDAQ:SOHU) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Sohu.com has received a reiterated "hold (C)" rating from Weiss Ratings, while Citigroup upgraded its rating to "buy" with a target price of $20.00, increasing from a previous target of $17.00.
• The company's shares opened at $14.93, with a market capitalization of approximately $448.95 million, and a 52-week trading range between $7.79 and $16.45.
• Recent institutional investments include Goldman Sachs increasing its stake by 21.8% and E Fund Management growing its stake by 39.8%, indicating strong investor interest in Sohu.com.

Sohu.com (NASDAQ:SOHU - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Citigroup restated a "buy" rating and set a $20.00 target price (up previously from $17.00) on shares of Sohu.com in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.00.

Sohu.com Stock Down 0.3%

Shares of Sohu.com stock opened at $14.93 on Wednesday. The company has a market cap of $448.95 million, a PE ratio of 3.58 and a beta of 0.36. The business has a 50 day moving average of $15.61 and a 200 day moving average of $13.01. Sohu.com has a 52 week low of $7.79 and a 52 week high of $16.45.

Sohu.com (NASDAQ:SOHU - Get Free Report) last announced its earnings results on Monday, August 4th. The information services provider reported ($0.69) EPS for the quarter. The business had revenue of $126.27 million for the quarter. Sohu.com had a net margin of 22.70% and a negative return on equity of 6.37%.

Institutional Investors Weigh In On Sohu.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOHU. Goldman Sachs Group Inc. grew its stake in shares of Sohu.com by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider's stock worth $674,000 after acquiring an additional 9,168 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Sohu.com by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 38,069 shares of the information services provider's stock worth $506,000 after acquiring an additional 2,993 shares during the last quarter. Legacy Capital Group California Inc. purchased a new stake in shares of Sohu.com in the first quarter worth $214,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Sohu.com by 39.8% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 63,682 shares of the information services provider's stock worth $839,000 after acquiring an additional 18,123 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Sohu.com in the first quarter worth $1,379,000. 33.02% of the stock is owned by hedge funds and other institutional investors.

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.

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