Sohu.com (NASDAQ:SOHU) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Sohu.com Inc. (NASDAQ:SOHU) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.21 and traded as high as $15.90. Sohu.com shares last traded at $15.56, with a volume of 36,106 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SOHU. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a research report on Wednesday, October 8th. Wall Street Zen raised Sohu.com from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Citigroup reiterated a “buy” rating on shares of Sohu.com in a research report on Monday, November 17th. Finally, Jefferies Financial Group boosted their price objective on Sohu.com from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Sohu.com Price Performance

The firm’s fifty day moving average is $14.99 and its two-hundred day moving average is $14.21. The firm has a market cap of $467.89 million, a price-to-earnings ratio of 3.11 and a beta of 0.39.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings results on Monday, November 17th. The information services provider reported $0.32 EPS for the quarter. The company had revenue of $180.16 million for the quarter. Sohu.com had a net margin of 25.92% and a negative return on equity of 4.20%. During the same quarter last year, the firm posted ($0.52) earnings per share.

Institutional Investors Weigh In On Sohu.com

A number of institutional investors have recently added to or reduced their stakes in SOHU. EverSource Wealth Advisors LLC increased its position in shares of Sohu.com by 75.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 860 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Sohu.com by 369.9% in the second quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,587 shares during the period. New York State Common Retirement Fund boosted its stake in Sohu.com by 180.2% during the second quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock valued at $58,000 after buying an additional 2,819 shares in the last quarter. Athos Capital Ltd acquired a new position in Sohu.com during the third quarter worth about $138,000. Finally, Numerai GP LLC bought a new stake in Sohu.com in the third quarter worth about $175,000. 33.02% of the stock is currently 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.