Sohu.com Inc. (NASDAQ:SOHU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.29 and traded as high as $15.60. Sohu.com shares last traded at $15.54, with a volume of 79,010 shares.
Analysts Set New Price Targets
Several research analysts have recently issued reports on SOHU shares. Wall Street Zen upgraded shares of Sohu.com from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. Citigroup upped their price target on shares of Sohu.com from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Monday.
Read Our Latest Stock Report on SOHU
Sohu.com Stock Up 6.4%
The company has a market cap of $461.72 million, a P/E ratio of 4.15 and a beta of 0.30. The firm's 50 day moving average is $12.80 and its two-hundred day moving average is $12.34.
Sohu.com (NASDAQ:SOHU - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The information services provider reported ($0.69) earnings per share for the quarter. Sohu.com had a negative return on equity of 7.86% and a net margin of 17.97%. The business had revenue of $126.27 million during the quarter.
Hedge Funds Weigh In On Sohu.com
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP acquired a new position in shares of Sohu.com during the fourth quarter valued at about $134,000. BNP Paribas Financial Markets raised its holdings in shares of Sohu.com by 226.5% during the fourth quarter. BNP Paribas Financial Markets now owns 18,021 shares of the information services provider's stock valued at $238,000 after purchasing an additional 12,502 shares during the period. Sei Investments Co. raised its holdings in shares of Sohu.com by 47.6% during the fourth quarter. Sei Investments Co. now owns 17,354 shares of the information services provider's stock valued at $229,000 after purchasing an additional 5,600 shares during the period. Trexquant Investment LP raised its holdings in shares of Sohu.com by 84.4% in the 4th quarter. Trexquant Investment LP now owns 28,123 shares of the information services provider's stock worth $371,000 after acquiring an additional 12,873 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Sohu.com by 36.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider's stock worth $3,520,000 after acquiring an additional 71,259 shares during the last quarter. Institutional investors and hedge funds own 33.02% of the company's stock.
About Sohu.com
(
Get Free Report)
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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