Sohu.com (NASDAQ:SOHU) Upgraded to “Buy” at StockNews.com

Sohu.com (NASDAQ:SOHUGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Sohu.com Price Performance

Shares of NASDAQ:SOHU traded down $0.27 on Thursday, hitting $12.85. 45,447 shares of the company’s stock were exchanged, compared to its average volume of 43,525. Sohu.com has a 12 month low of $7.80 and a 12 month high of $13.52. The stock has a market capitalization of $424.68 million, a price-to-earnings ratio of -11.47 and a beta of 1.17. The business’s 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $10.27.

Sohu.com (NASDAQ:SOHUGet Free Report) last released its quarterly earnings data on Monday, March 4th. The information services provider reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.13. The firm had revenue of $141.36 million during the quarter, compared to the consensus estimate of $159.62 million. Sohu.com had a negative return on equity of 5.77% and a negative net margin of 6.47%. Equities analysts forecast that Sohu.com will post -1.21 EPS for the current fiscal year.

Institutional Trading of Sohu.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in Sohu.com by 5.8% in the third quarter. Acadian Asset Management LLC now owns 491,784 shares of the information services provider’s stock valued at $4,615,000 after purchasing an additional 26,898 shares during the last quarter. Athos Capital Ltd purchased a new stake in shares of Sohu.com during the fourth quarter worth about $71,000. BNP Paribas Financial Markets grew its stake in shares of Sohu.com by 46.5% during the first quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock worth $33,000 after acquiring an additional 1,000 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Sohu.com by 4.1% during the first quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock worth $512,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Sohu.com by 31.1% during the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock worth $328,000 after acquiring an additional 7,363 shares during the last quarter. 33.02% of the stock is currently owned by institutional investors.

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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