According to Zacks, “Sohu.com's business has been impacted by sluggish macroeconomic conditions in China. Specifically, its brand advertising business has remained sluggish because of the lower spending levels. Furthermore, the company has been cutting down its spending levels, which will make market share gain more difficult in the near term due to stiffening competition from peers. Nonetheless, the company’s strength in search and mobile businesses is a positive. The online video business also has some decent growth potential. Estimates have been going down ahead of the company’s third quarter earnings release.”
Other equities analysts also recently issued reports about the stock. Citigroup Inc. downgraded shares of Sohu.com from a buy rating to a neutral rating in a report on Friday, July 22nd. Brean Capital reiterated a hold rating on shares of Sohu.com in a report on Tuesday, June 21st. TheStreet downgraded shares of Sohu.com from a hold rating to a sell rating in a report on Tuesday, August 2nd. JPMorgan Chase & Co. reiterated an underweight rating and issued a $40.00 price objective on shares of Sohu.com in a report on Wednesday, August 31st. Finally, Deutsche Bank AG assumed coverage on shares of Sohu.com in a report on Friday, September 9th. They issued a buy rating and a $53.30 price objective on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Sohu.com currently has a consensus rating of Hold and an average price target of $53.76.
Shares of Sohu.com (NASDAQ:SOHU) opened at 44.40 on Tuesday. The company’s market capitalization is $1.72 billion. The company’s 50 day moving average is $42.54 and its 200 day moving average is $42.06. Sohu.com has a 12-month low of $35.65 and a 12-month high of $59.50.
Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, August 1st. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.37) by $0.25. The firm had revenue of $420 million for the quarter, compared to analyst estimates of $439.64 million. Sohu.com had a negative return on equity of 3.65% and a negative net margin of 3.45%. Sohu.com’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. Analysts expect that Sohu.com will post ($6.60) earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in SOHU. Orbis Allan Gray Ltd acquired a new stake in shares of Sohu.com during the first quarter worth about $314,573,000. Renaissance Technologies LLC boosted its stake in shares of Sohu.com by 18.2% in the first quarter. Renaissance Technologies LLC now owns 1,451,600 shares of the company’s stock worth $71,912,000 after buying an additional 224,000 shares during the last quarter. Invictus RG boosted its stake in shares of Sohu.com by 78.6% in the first quarter. Invictus RG now owns 7,318 shares of the company’s stock worth $363,000 after buying an additional 3,220 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Sohu.com by 12.5% in the first quarter. BlackRock Group LTD now owns 49,425 shares of the company’s stock worth $2,449,000 after buying an additional 5,506 shares during the last quarter. Finally, HBK Investments L P boosted its stake in shares of Sohu.com by 74.1% in the first quarter. HBK Investments L P now owns 39,000 shares of the company’s stock worth $1,932,000 after buying an additional 16,600 shares during the last quarter. 64.65% of the stock is owned by institutional investors.
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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