Sohu.com (NASDAQ:SOHU) Stock Crosses Above 200 Day Moving Average of $9.52

Sohu.com Limited (NASDAQ:SOHU)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.52 and traded as high as $11.18. Sohu.com shares last traded at $11.08, with a volume of 30,454 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Sohu.com from a “buy” rating to a “hold” rating in a research report on Friday, March 8th.

Sohu.com Price Performance

The firm has a market cap of $366.19 million, a price-to-earnings ratio of -12.45 and a beta of 1.37. The business’s 50-day moving average price is $10.19 and its two-hundred day moving average price is $9.52.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings results on Monday, March 4th. The information services provider reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.13. Sohu.com had a negative net margin of 5.06% and a negative return on equity of 4.88%. The business had revenue of $141.36 million during the quarter, compared to the consensus estimate of $159.62 million. Equities analysts predict that Sohu.com Limited will post -1.21 earnings per share for the current fiscal year.

Institutional Trading of Sohu.com

An institutional investor recently bought a new position in Sohu.com stock. Athos Capital Ltd purchased a new position in shares of Sohu.com Limited (NASDAQ:SOHU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,181 shares of the information services provider’s stock, valued at approximately $71,000. Sohu.com makes up approximately 0.1% of Athos Capital Ltd’s holdings, making the stock its 23rd biggest holding. 33.02% of the stock is currently owned by hedge funds and other 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.