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

Sohu.com (NASDAQ:SOHU – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Sohu.com Stock Performance

NASDAQ SOHU opened at $13.55 on Friday. The company has a market capitalization of $457.18 million, a PE ratio of -26.06 and a beta of 1.37. The business’s fifty day moving average is $13.99 and its 200 day moving average is $14.56. Sohu.com has a fifty-two week low of $13.08 and a fifty-two week high of $18.30.

Sohu.com (NASDAQ:SOHU – Get Rating) last released its earnings results on Tuesday, February 21st. The information services provider reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.38. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $162.26 million. Sohu.com had a negative return on equity of 1.50% and a negative net margin of 2.36%. On average, sell-side analysts forecast that Sohu.com will post -1.39 EPS for the current year.

Hedge Funds Weigh In On Sohu.com

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Sohu.com by 13.0% in the first quarter. Vanguard Group Inc. now owns 1,094,018 shares of the information services provider’s stock valued at $18,402,000 after acquiring an additional 125,554 shares in the last quarter. Maso Capital Partners Ltd lifted its position in shares of Sohu.com by 29.4% in the first quarter. Maso Capital Partners Ltd now owns 797,667 shares of the information services provider’s stock valued at $11,750,000 after acquiring an additional 181,461 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sohu.com by 7.0% in the first quarter. BlackRock Inc. now owns 648,129 shares of the information services provider’s stock valued at $10,901,000 after acquiring an additional 42,122 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Sohu.com by 1,030.3% in the first quarter. Envestnet Asset Management Inc. now owns 531,100 shares of the information services provider’s stock valued at $299,000 after acquiring an additional 484,111 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Sohu.com by 36.2% in the second quarter. State Street Corp now owns 425,667 shares of the information services provider’s stock valued at $7,049,000 after acquiring an additional 113,208 shares in the last quarter.

Sohu.com Company Profile

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Sohu.com Ltd. is an online media, search, and game service company, which engages in online products and services on PC and mobile devices. It provides a network of web properties and community based/Web 2.0 products, which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication.