Shares of Sohu.com Inc. (NASDAQ:SOHU - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.67 and traded as high as $14.69. Sohu.com shares last traded at $14.60, with a volume of 44,949 shares.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SOHU. Wall Street Zen lowered shares of Sohu.com from a "buy" rating to a "hold" rating in a research report on Saturday, May 23rd. Weiss Ratings cut shares of Sohu.com from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, June 15th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $19.00 target price on shares of Sohu.com in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.
Check Out Our Latest Research Report on Sohu.com
Sohu.com Stock Performance
The stock has a 50 day moving average of $13.13 and a 200-day moving average of $14.67. The company has a market cap of $380.62 million, a PE ratio of 1.70 and a beta of 0.36.
Sohu.com (NASDAQ:SOHU - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The information services provider reported $0.02 earnings per share for the quarter. The business had revenue of $135.54 million for the quarter. Sohu.com had a return on equity of 21.63% and a net margin of 38.15%.
Institutional Investors Weigh In On Sohu.com
A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Sohu.com by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider's stock worth $674,000 after buying an additional 9,168 shares during the period. JPMorgan Chase & Co. raised its position in Sohu.com by 271.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,896 shares of the information services provider's stock worth $185,000 after buying an additional 10,155 shares during the last quarter. American Century Companies Inc. lifted its stake in Sohu.com by 53.7% during the 2nd quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider's stock valued at $1,343,000 after acquiring an additional 35,256 shares during the period. Russell Investments Group Ltd. lifted its stake in Sohu.com by 62.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,972 shares of the information services provider's stock valued at $810,000 after acquiring an additional 23,903 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of 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 valued at $58,000 after acquiring an additional 2,819 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 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.
Further Reading
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