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

Sohu.com (NASDAQ:SOHU) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Sohu.com Stock Performance

Shares of Sohu.com stock traded up $0.20 during trading on Monday, hitting $14.11. The company’s stock had a trading volume of 49,797 shares, compared to its average volume of 71,248. Sohu.com has a 52 week low of $10.12 and a 52 week high of $17.24. The company has a fifty day simple moving average of $13.55 and a two-hundred day simple moving average of $13.86. The company has a market capitalization of $456.50 million, a PE ratio of -4.51 and a beta of 1.12.

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

Hedge Funds Weigh In On Sohu.com

Several institutional investors and hedge funds have recently modified their holdings of SOHU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Sohu.com by 16.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,700 shares of the information services provider’s stock worth $181,000 after purchasing an additional 1,899 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Sohu.com by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 5,519 shares of the information services provider’s stock worth $87,000 after buying an additional 2,367 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Sohu.com by 12.9% during the fourth quarter. Russell Investments Group Ltd. now owns 35,076 shares of the information services provider’s stock valued at $468,000 after buying an additional 4,002 shares during the last quarter. Sei Investments Co. increased its position in shares of Sohu.com by 47.6% during the fourth quarter. Sei Investments Co. now owns 17,354 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 5,600 shares in the last quarter. Finally, State Street Corp raised its holdings 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 acquiring an additional 6,715 shares during the last quarter. 33.02% of the stock is currently 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.