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

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

Sohu.com Trading Up 0.1 %

NASDAQ SOHU opened at $12.65 on Wednesday. The business’s fifty day moving average is $14.78 and its 200 day moving average is $14.15. Sohu.com has a fifty-two week low of $7.80 and a fifty-two week high of $17.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in 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 valued at $33,000 after purchasing an additional 1,000 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Sohu.com during the 2nd quarter valued at $36,000. Blue Trust Inc. boosted its holdings in Sohu.com by 1,973.0% in the 2nd 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 period. State Street Corp increased its stake in Sohu.com by 17.9% in the 3rd quarter. State Street Corp now owns 44,206 shares of the information services provider’s stock worth $696,000 after buying an additional 6,715 shares in 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 valued at $328,000 after acquiring an additional 7,363 shares during the period. 33.02% of the stock is currently owned by institutional investors.

Sohu.com Company Profile

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.