Sohu.com (NASDAQ:SOHU) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Sohu.com shares have surpassed their 200-day moving average of $12.66, recently trading at $15.68 with a peak of $15.86.
• Wall Street analysts show a mix of ratings, with Citigroup maintaining a "buy" rating and raising its price target to $20.00, while Wall Street Zen upgraded the stock to a "hold" rating.
• The company reported a net loss of ($0.69) per share in its latest quarterly earnings, alongside revenues of $126.27 million.

Shares of Sohu.com Inc. (NASDAQ:SOHU - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.66 and traded as high as $15.86. Sohu.com shares last traded at $15.68, with a volume of 40,270 shares trading hands.

Wall Street Analysts Forecast Growth

SOHU has been the topic of a number of analyst reports. Citigroup restated a "buy" rating and set a $20.00 target price (up previously from $17.00) on shares of Sohu.com in a research note on Monday, August 4th. Wall Street Zen raised shares of Sohu.com from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $20.00.

Sohu.com Trading Up 0.9%

The firm's 50-day moving average price is $14.90 and its 200-day moving average price is $12.69. The stock has a market capitalization of $487.74 million, a PE ratio of 3.89 and a beta of 0.37.

Sohu.com (NASDAQ:SOHU - Get Free Report) last announced its earnings results on Monday, August 4th. The information services provider reported ($0.69) earnings per share (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 Trading of Sohu.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Sohu.com by 75.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider's stock worth $27,000 after purchasing an additional 860 shares during the period. Headlands Technologies LLC raised its position in Sohu.com by 369.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider's stock worth $27,000 after purchasing an additional 1,587 shares during the period. New York State Common Retirement Fund raised its position in Sohu.com by 180.2% in the 2nd quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider's stock worth $58,000 after purchasing an additional 2,819 shares during the period. Two Sigma Advisers LP purchased a new stake in Sohu.com in the 4th quarter worth about $134,000. Finally, Man Group plc purchased a new stake in Sohu.com in the 4th quarter worth about $166,000. 33.02% of the stock is owned by hedge funds and other institutional investors.

About Sohu.com

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.