Sohu.com (NASDAQ:SOHU) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Sohu.com (NASDAQ:SOHUFree Report) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Sohu.com Stock Performance

NASDAQ:SOHU opened at $12.85 on Thursday. The company has a fifty day moving average of $11.67 and a two-hundred day moving average of $10.27. Sohu.com has a fifty-two week low of $7.80 and a fifty-two week high of $13.52.

Sohu.com (NASDAQ:SOHUGet Free Report) last released its quarterly earnings results on Monday, March 4th. The information services provider reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.13. Sohu.com had a negative net margin of 6.47% and a negative return on equity of 5.77%. The firm had revenue of $141.36 million during the quarter, compared to the consensus estimate of $159.62 million. As a group, sell-side analysts anticipate that Sohu.com will post -1.21 earnings per share for the current year.

Institutional Trading of Sohu.com

A number of institutional investors have recently made changes to their positions in SOHU. Acadian Asset Management LLC lifted its holdings in Sohu.com by 5.8% in the 3rd quarter. Acadian Asset Management LLC now owns 491,784 shares of the information services provider’s stock valued at $4,615,000 after purchasing an additional 26,898 shares in the last quarter. Athos Capital Ltd purchased a new position in shares of Sohu.com in the fourth quarter worth about $71,000. BNP Paribas Financial Markets boosted its position 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 worth $33,000 after acquiring an additional 1,000 shares during the last quarter. GSA Capital Partners LLP raised its holdings in 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 valued at $512,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Sohu.com by 31.1% in the 1st quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock worth $328,000 after purchasing an additional 7,363 shares in the last quarter. 33.02% of the stock is owned by institutional investors and hedge funds.

Sohu.com Company Profile

(Get Free Report)

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.

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