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Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) were the target of some unusual options trading activity on Friday. Investors purchased 15,608 call options on the stock, StockRatingsNetwork reports. This represents an increase of approximately 103% compared to the average volume of 7,686 call options.

A number of research firms have recently commented on QIHU. Analysts at Credit Agricole initiated coverage on shares of Qihoo 360 Technology Co in a research note on Wednesday, August 13th. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Qihoo 360 Technology Co from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $105.30 price target on the stock. Finally, analysts at STANDARD CHARTERED.5 upgraded shares of Qihoo 360 Technology Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $104.00 price target on the stock, up previously from $80.00. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Qihoo 360 Technology Co currently has a consensus rating of “Buy” and an average target price of $113.02.

Shares of Qihoo 360 Technology Co (NASDAQ:QIHU) traded up 0.12% during mid-day trading on Friday, hitting $101.75. 3,999,740 shares of the company’s stock traded hands. Qihoo 360 Technology Co has a 1-year low of $72.20 and a 1-year high of $124.42. The stock’s 50-day moving average is $94.53 and its 200-day moving average is $94.86. The company has a market cap of $12.481 billion and a P/E ratio of 91.81.

Qihoo 360 Technology Co (NASDAQ:QIHU) last announced its earnings results on Tuesday, May 27th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.20. The company had revenue of $265.10 million for the quarter, compared to the consensus estimate of $228.20 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 141.3% on a year-over-year basis. On average, analysts predict that Qihoo 360 Technology Co will post $2.48 earnings per share for the current fiscal year.

Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.

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