Sohu.com (NASDAQ:SOHU) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Sohu.com shares crossed above their 200‑day moving average of $15.67, trading as high as $16.17 and last at $15.96 on a volume of 36,741 shares.
• Analysts have an average rating of Moderate Buy with a consensus price target of $20.00, while the stock shows a very low valuation (P/E of 1.13) and several institutional investors have recently increased their stakes.

Sohu.com Inc. (NASDAQ:SOHU - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.67 and traded as high as $16.17. Sohu.com shares last traded at $15.96, with a volume of 36,741 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Sohu.com in a report on Thursday, January 22nd. Two investment 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Sohu.com Trading Up 0.9%

The firm has a 50 day moving average price of $16.38 and a 200-day moving average price of $15.67. The firm has a market cap of $416.08 million, a price-to-earnings ratio of 1.13 and a beta of 0.46.

Institutional Investors Weigh In On Sohu.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG grew its position in Sohu.com by 502.9% in the third quarter. UBS Group AG now owns 162,315 shares of the information services provider's stock valued at $2,537,000 after acquiring an additional 135,394 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Sohu.com by 71.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 117,575 shares of the information services provider's stock worth $1,838,000 after purchasing an additional 49,099 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Sohu.com by 53.7% in the second quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider's stock valued at $1,343,000 after purchasing an additional 35,256 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Sohu.com by 62.8% in the second quarter. Russell Investments Group Ltd. now owns 61,972 shares of the information services provider's stock valued at $810,000 after purchasing an additional 23,903 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Sohu.com by 143.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,381 shares of the information services provider's stock valued at $444,000 after purchasing an additional 19,681 shares in the last quarter. Hedge funds and other institutional investors own 33.02% of the company's stock.

About Sohu.com

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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