Sohu.com (NASDAQ:SOHU) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Sohu.com shares crossed above their 200-day moving average
• Analysts hold a consensus rating of Moderate Buy (two Buys, one Hold) with a consensus price target of $20.00, while Weiss Ratings recently reaffirmed a "hold (c)."
• The company has a market cap of about $409.3M, a very low P/E of 1.12, and institutional investors own roughly 33% of the stock with several funds notably increasing their positions.

Sohu.com Inc. (NASDAQ:SOHU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.65 and traded as high as $15.80. Sohu.com shares last traded at $15.70, with a volume of 21,823 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sohu.com in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Sohu.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Sohu.com Trading Up 1.9%

The business has a 50 day moving average of $15.79 and a two-hundred day moving average of $15.65. The firm has a market cap of $409.30 million, a P/E ratio of 1.12 and a beta of 0.42.

Institutional Investors Weigh In On Sohu.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of Sohu.com by 502.9% during the third quarter. UBS Group AG now owns 162,315 shares of the information services provider's stock worth $2,537,000 after buying an additional 135,394 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Sohu.com by 3.6% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 121,766 shares of the information services provider's stock worth $2,071,000 after buying an additional 4,191 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Sohu.com by 53.7% during the second quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider's stock worth $1,343,000 after buying an additional 35,256 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Sohu.com by 10.3% during the third quarter. Public Employees Retirement System of Ohio now owns 100,707 shares of the information services provider's stock worth $1,574,000 after buying an additional 9,376 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its holdings in shares of Sohu.com by 7.5% during the second quarter. E Fund Management Co. Ltd. now owns 68,476 shares of the information services provider's stock worth $911,000 after buying an additional 4,794 shares in the last quarter. Institutional investors and hedge funds own 33.02% of the company's stock.

Sohu.com Company Profile

Sohu.com Inc NASDAQ: SOHU is a Beijing-based technology and media company that operates one of China's earliest and most comprehensive online portals. Established in 1996 by Charles Zhang, the company provides a diverse array of internet services including news, entertainment, video streaming and UGC (user-generated content) platforms. Over the years, Sohu.com has expanded its content offerings to cover topics such as finance, sports, automotive news and lifestyle, catering primarily to users across Mainland China.

In addition to its content portal, Sohu.com is active in the online advertising market, leveraging its high-traffic websites and mobile apps to deliver targeted ads for brand marketers.

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