Sohu.com Inc. (NASDAQ:SOHU)’s share price hit a new 52-week high on Friday . The stock traded as high as $51.18 and last traded at $51.02, with a volume of 345,746 shares trading hands. The stock had previously closed at $48.98.
SOHU has been the topic of several research analyst reports. Benchmark Co. started coverage on shares of Sohu.com in a research report on Tuesday, April 18th. They issued a “hold” rating on the stock. HSBC Holdings plc lowered shares of Sohu.com from a “buy” rating to a “hold” rating and raised their price target for the stock from $48.00 to $57.00 in a research report on Tuesday, May 23rd. Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised shares of Sohu.com from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $52.58.
The firm’s 50 day moving average price is $49.64 and its 200-day moving average price is $43.75. The company’s market cap is $2.12 billion.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, July 31st. The information services provider reported ($1.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.73) by $0.12. The company had revenue of $461.20 million during the quarter, compared to the consensus estimate of $456.10 million. Sohu.com had a negative return on equity of 19.12% and a negative net margin of 17.93%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.61) earnings per share. Analysts anticipate that Sohu.com Inc. will post ($5.73) earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in Sohu.com by 37.8% in the first quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock valued at $187,000 after buying an additional 1,302 shares during the period. Westpac Banking Corp bought a new position in Sohu.com during the second quarter valued at $194,000. Quantbot Technologies LP bought a new position in Sohu.com during the second quarter valued at $202,000. Wells Fargo & Company MN boosted its position in Sohu.com by 12.9% in the first quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock valued at $243,000 after buying an additional 706 shares during the period. Finally, Invictus RG bought a new position in Sohu.com during the first quarter valued at $262,000. Institutional investors own 63.39% of the company’s stock.
Sohu.com Company Profile
Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in 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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