Sohu.com (NASDAQ:SOHU) Raised to “Buy” at StockNews.com

Sohu.com (NASDAQ:SOHU) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Sohu.com Stock Up 3.9 %

Shares of NASDAQ:SOHU opened at $12.64 on Wednesday. Sohu.com has a fifty-two week low of $7.80 and a fifty-two week high of $17.24. The stock has a market cap of $408.94 million, a price-to-earnings ratio of -4.50 and a beta of 1.19. The firm’s 50 day moving average price is $14.89 and its 200 day moving average price is $14.13.

Hedge Funds Weigh In On Sohu.com

A number of institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Sohu.com in the second quarter valued at $36,000. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. boosted its holdings in Sohu.com by 1,973.0% in the second quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 3,867 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Sohu.com in the third quarter valued at approximately $312,000. Finally, Russell Investments Group Ltd. raised its holdings 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 worth $328,000 after purchasing an additional 7,363 shares in the last quarter. Institutional investors and hedge funds own 33.02% of the company’s stock.

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.