Sohu.com (NASDAQ:SOHU) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Sohu.com Inc. (NASDAQ:SOHU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.67 and traded as high as $16.04. Sohu.com shares last traded at $15.65, with a volume of 15,310 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SOHU shares. Jefferies Financial Group upped their price target on Sohu.com from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Wall Street Zen upgraded shares of Sohu.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Citigroup reissued a “buy” rating on shares of Sohu.com in a report on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sohu.com in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Sohu.com Stock Performance

The firm has a market cap of $470.60 million, a P/E ratio of 1.11 and a beta of 0.46. The firm has a fifty day moving average of $16.43 and a 200-day moving average of $15.67.

Hedge Funds Weigh In On Sohu.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG grew its position in shares of Sohu.com by 502.9% during the third quarter. UBS Group AG now owns 162,315 shares of the information services provider’s stock worth $2,537,000 after acquiring an additional 135,394 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Sohu.com by 3.6% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 121,766 shares of the information services provider’s stock worth $2,071,000 after acquiring an additional 4,191 shares during the period. American Century Companies Inc. lifted its position in Sohu.com by 53.7% in the 2nd quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider’s stock valued at $1,343,000 after purchasing an additional 35,256 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Sohu.com by 10.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,707 shares of the information services provider’s stock valued at $1,574,000 after purchasing an additional 9,376 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in Sohu.com by 7.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 68,476 shares of the information services provider’s stock valued at $911,000 after purchasing an additional 4,794 shares during the period. Institutional investors and hedge funds own 33.02% of the company’s stock.

Sohu.com Company Profile

Sohu.com Inc (NASDAQ: SOHU) is a Beijing-based technology and media company that operates one of China’s earliest and most comprehensive online portals. Established in 1996 by Charles Zhang, the company provides a diverse array of internet services including news, entertainment, video streaming and UGC (user-generated content) platforms. Over the years, Sohu.com has expanded its content offerings to cover topics such as finance, sports, automotive news and lifestyle, catering primarily to users across Mainland China.

In addition to its content portal, Sohu.com is active in the online advertising market, leveraging its high-traffic websites and mobile apps to deliver targeted ads for brand marketers.