Sohu.com (NASDAQ:SOHU) Share Price Passes Above 200-Day Moving Average – Here’s Why

Sohu.com Inc. (NASDAQ:SOHU)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.60 and traded as high as $16.60. Sohu.com shares last traded at $16.48, with a volume of 28,551 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on SOHU. Citigroup reissued a “buy” rating on shares of Sohu.com in a research note on Monday, November 17th. Wall Street Zen raised Sohu.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group upped their target price on Sohu.com from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Two research 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, Sohu.com has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Sohu.com Trading Up 1.9%

The company has a market capitalization of $495.55 million, a PE ratio of 1.17 and a beta of 0.45. The company’s 50 day moving average price is $16.21 and its 200-day moving average price is $15.60.

Hedge Funds Weigh In On Sohu.com

A number of large investors have recently modified their holdings of the company. Headlands Technologies LLC lifted its stake in shares of Sohu.com by 369.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,587 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 860 shares during the period. New York State Common Retirement Fund lifted its position in Sohu.com by 180.2% during the second quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock valued at $58,000 after buying an additional 2,819 shares in the last quarter. Athos Capital Ltd purchased a new stake in Sohu.com during the third quarter worth approximately $138,000. Finally, Numerai GP LLC purchased a new stake in Sohu.com during the third quarter worth approximately $175,000. 33.02% of the stock is currently owned by hedge funds and other institutional investors.

Sohu.com Company Profile

Sohu.com Inc (NASDAQ: SOHU) is a Beijing-based technology and media company that operates one of China’s earliest and most comprehensive online portals. Established in 1996 by Charles Zhang, the company provides a diverse array of internet services including news, entertainment, video streaming and UGC (user-generated content) platforms. Over the years, Sohu.com has expanded its content offerings to cover topics such as finance, sports, automotive news and lifestyle, catering primarily to users across Mainland China.

In addition to its content portal, Sohu.com is active in the online advertising market, leveraging its high-traffic websites and mobile apps to deliver targeted ads for brand marketers.