Sohu.com (NASDAQ:SOHU - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.
Sohu.com Stock Up 3.5%
SOHU stock traded up $0.35 during midday trading on Wednesday, hitting $10.24. The company's stock had a trading volume of 74,454 shares, compared to its average volume of 90,549. Sohu.com has a 52-week low of $7.79 and a 52-week high of $17.24. The firm has a market capitalization of $307.87 million, a P/E ratio of -3.27 and a beta of 0.70. The firm has a 50-day simple moving average of $10.55 and a 200-day simple moving average of $12.35.
Sohu.com (NASDAQ:SOHU - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The information services provider reported ($0.55) earnings per share for the quarter. Sohu.com had a negative return on equity of 8.49% and a negative net margin of 16.76%. The business had revenue of $135.65 million for the quarter.
Hedge Funds Weigh In On Sohu.com
Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Sohu.com by 63.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider's stock worth $3,972,000 after purchasing an additional 116,746 shares during the period. Strs Ohio acquired a new position in Sohu.com during the 1st quarter worth $1,379,000. Arrowstreet Capital Limited Partnership increased its holdings 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 buying an additional 71,259 shares during the period. E Fund Management Co. Ltd. grew its position in Sohu.com by 129.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 45,559 shares of the information services provider's stock valued at $600,000 after acquiring an additional 25,721 shares during the period. Finally, Caption Management LLC acquired a new stake in shares of Sohu.com during the fourth quarter worth approximately $315,000. 33.02% of the stock is owned by institutional investors and hedge funds.
Sohu.com Company Profile
(
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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