Sohu.com (NASDAQ:SOHU) Price Target Raised to $20.00 at Citigroup

Sohu.com (NASDAQ:SOHU) had its price objective lifted by Citigroup from $17.00 to $20.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Separately, Wall Street Zen raised Sohu.com from a “sell” rating to a “hold” rating in a research report on Wednesday, May 28th.

Sohu.com Stock Down 6.3%

Shares of NASDAQ SOHU opened at $14.43 on Monday. The business has a fifty day simple moving average of $12.80 and a two-hundred day simple moving average of $12.34. The firm has a market cap of $433.91 million, a PE ratio of 3.90 and a beta of 0.30. Sohu.com has a twelve month low of $7.79 and a twelve month high of $17.24.

Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, August 4th. The information services provider reported ($0.69) earnings per share for the quarter. Sohu.com had a net margin of 17.97% and a negative return on equity of 7.86%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of Sohu.com by 1.5% in the 1st quarter. Acadian Asset Management LLC now owns 665,858 shares of the information services provider’s stock worth $8,743,000 after acquiring an additional 10,058 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Sohu.com by 36.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider’s stock valued at $3,520,000 after buying an additional 71,259 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Sohu.com by 11.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider’s stock valued at $2,104,000 after buying an additional 16,449 shares in the last quarter. Strs Ohio acquired a new position in shares of Sohu.com in the first quarter valued at about $1,379,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Sohu.com by 12.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 96,096 shares of the information services provider’s stock valued at $1,267,000 after purchasing an additional 10,400 shares during the period. 33.02% of the stock is owned by 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.