Citigroup Reiterates Buy Rating for Sohu.com (NASDAQ:SOHU)

Key Points

• Citigroup raised its price target for Sohu.com (NASDAQ:SOHU) from $17.00 to $20.00, suggesting a potential upside of 38.60% from the current stock price.
• Sohu.com shares are currently down 6.3%, with a trading price of $14.43, reflecting significant movement in the stock recently.
• Several institutional investors, including Goldman Sachs and Russell Investments, have increased their stakes in Sohu.com, indicating growing investor confidence in the company.

Sohu.com (NASDAQ:SOHU - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Citigroup in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $20.00 price target on the information services provider's stock, up from their prior price target of $17.00. Citigroup's price target points to a potential upside of 30.21% from the stock's current price.

Separately, Wall Street Zen raised shares of Sohu.com from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th.

Sohu.com Price Performance

Sohu.com stock opened at $15.36 on Monday. The firm has a market capitalization of $461.88 million, a PE ratio of 3.68 and a beta of 0.30. The company's 50-day moving average is $12.91 and its 200-day moving average is $12.36. Sohu.com has a fifty-two week low of $7.79 and a fifty-two week high of $17.24.

Sohu.com (NASDAQ:SOHU - Get Free Report) last released 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 6.48% and a net margin of 22.70%. The firm had revenue of $126.27 million for the quarter.

Institutional Trading of Sohu.com

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its holdings in shares of Sohu.com by 1.5% during the 1st quarter. Acadian Asset Management LLC now owns 665,858 shares of the information services provider's stock worth $8,743,000 after acquiring an additional 10,058 shares during the period. Arrowstreet Capital Limited Partnership increased its position in 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 valued at $3,520,000 after acquiring an additional 71,259 shares during the period. D. E. Shaw & Co. Inc. increased its position in Sohu.com by 11.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider's stock valued at $2,104,000 after acquiring an additional 16,449 shares during the period. Strs Ohio acquired a new position in Sohu.com in the 1st quarter valued at approximately $1,379,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Sohu.com by 12.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 96,096 shares of the information services provider's stock worth $1,267,000 after buying an additional 10,400 shares during the period. Institutional investors own 33.02% of the company's stock.

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.