Shares of Sohu.com Inc. (NASDAQ:SOHU) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $53.76.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG assumed coverage on shares of Sohu.com in a research note on Friday, September 9th. They issued a “buy” rating and a $53.30 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $40.00 price objective on shares of Sohu.com in a research note on Wednesday, August 31st. TheStreet lowered shares of Sohu.com from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Finally, Citigroup Inc. lowered shares of Sohu.com from a “buy” rating to a “neutral” rating in a research note on Friday, July 22nd.
Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in Sohu.com by 107.7% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock valued at $102,000 after buying an additional 1,400 shares during the last quarter. Royal Bank of Canada raised its stake in Sohu.com by 248.9% in the second quarter. Royal Bank of Canada now owns 3,049 shares of the company’s stock valued at $116,000 after buying an additional 2,175 shares during the last quarter. Pacad Investment Ltd. raised its stake in Sohu.com by 14.8% in the first quarter. Pacad Investment Ltd. now owns 6,059 shares of the company’s stock valued at $300,000 after buying an additional 780 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Sohu.com during the second quarter valued at about $250,000. Finally, Invictus RG raised its stake in Sohu.com by 78.6% in the first quarter. Invictus RG now owns 7,318 shares of the company’s stock valued at $363,000 after buying an additional 3,220 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Shares of Sohu.com (NASDAQ:SOHU) traded down 0.92% during mid-day trading on Thursday, reaching $44.27. 25,318 shares of the company’s stock were exchanged. The company’s market cap is $1.71 billion. Sohu.com has a 52-week low of $35.65 and a 52-week high of $59.50. The company’s 50-day moving average price is $42.38 and its 200 day moving average price is $42.04.
Sohu.com (NASDAQ:SOHU) last released its quarterly earnings data on Monday, August 1st. The company reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($1.37) by $0.25. The company earned $420 million during the quarter, compared to the consensus estimate of $439.64 million. Sohu.com had a negative net margin of 3.45% and a negative return on equity of 3.65%. The business’s revenue was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.37) EPS. On average, equities research analysts predict that Sohu.com will post ($6.60) EPS for the current year.
Sohu.com Company Profile
Sohu.com Inc (Sohu) is an online media, search and game service company providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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