Sohu.com (NASDAQ:SOHU) Shares Pass Above 200-Day Moving Average of $9.75

Sohu.com Limited (NASDAQ:SOHU)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.75 and traded as high as $11.53. Sohu.com shares last traded at $11.47, with a volume of 27,093 shares traded.

Wall Street Analysts Forecast Growth

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

Sohu.com Stock Performance

The company has a market capitalization of $379.07 million, a price-to-earnings ratio of -12.89 and a beta of 1.28. The business’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $9.75.

Sohu.com (NASDAQ:SOHU) last released its 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 return on equity of 4.88% and a negative net margin of 5.06%. The firm had revenue of $141.36 million during the quarter, compared to the consensus estimate of $159.62 million. On average, sell-side analysts expect that Sohu.com Limited will post -1.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SOHU. BNP Paribas Financial Markets lifted its holdings in Sohu.com by 46.5% in 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 last quarter. GSA Capital Partners LLP raised its holdings in shares of Sohu.com by 4.1% in the 1st quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock worth $512,000 after purchasing an additional 1,914 shares in the last quarter. Athos Capital Ltd acquired a new stake in Sohu.com during the fourth quarter valued at approximately $71,000. Russell Investments Group Ltd. lifted its stake 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 purchasing an additional 7,363 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Sohu.com by 5.8% during the third quarter. Acadian Asset Management LLC now owns 491,784 shares of the information services provider’s stock worth $4,615,000 after buying an additional 26,898 shares in the last quarter. 33.02% of the stock is owned by institutional investors and hedge funds.

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.