Sohu.com Inc. (NASDAQ:SOHU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

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.”

A number of other equities research analysts have also issued reports on SOHU. Brean Capital restated a “hold” rating on shares of Sohu.com in a research report on Tuesday, May 24th. Citigroup Inc. lowered Sohu.com from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd. TheStreet lowered Sohu.com from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $40.00 price target on shares of Sohu.com in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG started coverage on Sohu.com in a research report on Friday, September 9th. They issued a “buy” rating and a $53.30 price target for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Sohu.com currently has an average rating of “Hold” and an average price target of $53.76.

Analyst Recommendations for Sohu.com (NASDAQ:SOHU)

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Shares of Sohu.com (NASDAQ:SOHU) traded down 2.58% during midday trading on Tuesday, reaching $43.81. The company’s stock had a trading volume of 97,357 shares. Sohu.com has a one year low of $35.65 and a one year high of $59.50. The stock’s 50-day moving average is $40.45 and its 200-day moving average is $42.41. The company’s market capitalization is $1.70 billion.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, August 1st. The company reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.37) by $0.25. The company earned $420 million during the quarter, compared to analysts’ expectations of $439.64 million. Sohu.com had a negative net margin of 3.45% and a negative return on equity of 3.65%. Sohu.com’s revenue for the quarter was down 14.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.37) earnings per share. On average, equities analysts expect that Sohu.com will post ($6.60) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Sohu.com during the fourth quarter valued at approximately $12,521,000. Pacad Investment Ltd. raised its position 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 in the last quarter. Franklin Resources Inc. raised its position in Sohu.com by 120.9% in the first quarter. Franklin Resources Inc. now owns 291,592 shares of the company’s stock valued at $14,445,000 after buying an additional 159,600 shares in the last quarter. BlackRock Group LTD raised its position in Sohu.com by 12.5% in the first quarter. BlackRock Group LTD now owns 49,425 shares of the company’s stock valued at $2,449,000 after buying an additional 5,506 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Sohu.com by 3.8% in the first quarter. BlackRock Fund Advisors now owns 48,765 shares of the company’s stock valued at $2,416,000 after buying an additional 1,764 shares in the last quarter. Institutional investors and hedge funds own 65.15% of the company’s stock.

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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