Sohu.com (NASDAQ:SOHU) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Sohu.com Inc. (NASDAQ:SOHU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.43 and traded as high as $15.21. Sohu.com shares last traded at $14.96, with a volume of 37,643 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SOHU. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a research note on Wednesday, October 8th. Wall Street Zen upgraded Sohu.com from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Jefferies Financial Group increased their price objective on Sohu.com from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Citigroup reissued a “buy” rating on shares of Sohu.com in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Sohu.com Price Performance

The firm has a 50-day moving average of $14.95 and a 200 day moving average of $14.43. The stock has a market capitalization of $449.85 million, a price-to-earnings ratio of 2.99 and a beta of 0.39.

Sohu.com (NASDAQ:SOHU) last announced its quarterly earnings results on Monday, November 17th. The information services provider reported $0.32 earnings per share for the quarter. Sohu.com had a negative return on equity of 4.20% and a net margin of 25.92%.The firm had revenue of $180.16 million for the quarter. During the same period last year, the firm earned ($0.52) EPS.

Institutional Investors Weigh In On Sohu.com

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Sohu.com by 75.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 860 shares during the period. Headlands Technologies LLC raised its stake in Sohu.com by 369.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,587 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Sohu.com by 180.2% in the 2nd quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 2,819 shares during the period. Russell Investments Group Ltd. boosted its holdings in Sohu.com by 8.5% in the 1st quarter. Russell Investments Group Ltd. now owns 38,069 shares of the information services provider’s stock valued at $506,000 after purchasing an additional 2,993 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Sohu.com by 11.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,353 shares of the information services provider’s stock worth $484,000 after purchasing an additional 3,641 shares in the last quarter. Institutional investors and hedge funds own 33.02% of the company’s stock.

About Sohu.com

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.