Sohu.com (NASDAQ:SOHU) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Sohu.com (NASDAQ:SOHU) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Sohu.com Stock Performance

SOHU stock opened at $14.45 on Wednesday. Sohu.com has a one year low of $8.79 and a one year high of $17.24. The company’s fifty day moving average price is $13.21 and its 200-day moving average price is $14.10. The company has a market capitalization of $467.46 million, a PE ratio of -4.62 and a beta of 1.13.

Sohu.com (NASDAQ:SOHU) last released its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) EPS for the quarter. Sohu.com had a negative return on equity of 8.49% and a negative net margin of 16.76%. The company had revenue of $134.68 million during the quarter. During the same quarter in the previous year, the business earned ($0.37) earnings per share.

Hedge Funds Weigh In On Sohu.com

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in Sohu.com by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 5,519 shares of the information services provider’s stock valued at $87,000 after purchasing an additional 2,367 shares in the last quarter. Seldon Capital LP purchased a new stake in Sohu.com during the fourth quarter valued at $132,000. Two Sigma Advisers LP purchased a new stake in Sohu.com during the fourth quarter valued at $134,000. Vontobel Holding Ltd. purchased a new stake in Sohu.com during the fourth quarter valued at $144,000. Finally, Man Group plc purchased a new stake in Sohu.com during the fourth quarter valued at $166,000. Hedge funds and other institutional investors own 33.02% of the company’s stock.

About Sohu.com

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.