Sohu.com (NASDAQ:SOHU) Stock Price Down 3.7% – Time to Sell?

Sohu.com Limited (NASDAQ:SOHU)’s share price dropped 3.7% during mid-day trading on Monday . The stock traded as low as $15.14 and last traded at $15.16. Approximately 47,755 shares changed hands during trading, a decline of 27% from the average daily volume of 65,415 shares. The stock had previously closed at $15.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Sohu.com Stock Performance

The stock has a market capitalization of $467.66 million, a P/E ratio of -8.47 and a beta of 1.18. The stock’s fifty day simple moving average is $15.44 and its two-hundred day simple moving average is $13.73.

Sohu.com (NASDAQ:SOHU) last posted its earnings results on Monday, August 5th. The information services provider reported ($1.04) earnings per share for the quarter. Sohu.com had a negative return on equity of 7.34% and a negative net margin of 9.00%. The business had revenue of $172.33 million for the quarter.

Institutional Investors Weigh In On Sohu.com

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Sohu.com by 46.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 1,000 shares during the period. GSA Capital Partners LLP raised its holdings in 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 buying an additional 1,914 shares during the last quarter. Headlands Technologies LLC acquired a new position in Sohu.com during the second quarter worth $36,000. Blue Trust Inc. raised its holdings in Sohu.com by 1,973.0% during the second quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after buying an additional 3,867 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in 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 buying an additional 7,363 shares during the last quarter. 33.02% of the stock is owned by institutional investors.

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.