Shares of Sohu.com Inc. (NASDAQ:SOHU) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $58.50.
A number of brokerages recently issued reports on SOHU. BidaskClub raised Sohu.com from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Morgan Stanley raised Sohu.com from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $36.00 to $60.00 in a research note on Tuesday, August 1st. TheStreet raised Sohu.com from a “d+” rating to a “c-” rating in a research note on Friday, August 18th. ValuEngine raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, HSBC Holdings plc lowered 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 note on Tuesday, May 23rd.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its position in Sohu.com by 1.9% during the 2nd quarter. State Street Corp now owns 166,380 shares of the information services provider’s stock valued at $7,499,000 after purchasing an additional 3,111 shares in the last quarter. Macquarie Group Ltd. raised its position in Sohu.com by 3.7% during the 2nd quarter. Macquarie Group Ltd. now owns 4,149,467 shares of the information services provider’s stock valued at $186,983,000 after purchasing an additional 149,839 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sohu.com by 38.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 372,614 shares of the information services provider’s stock valued at $16,795,000 after purchasing an additional 104,339 shares in the last quarter. Renaissance Technologies LLC raised its position in Sohu.com by 19.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,398,900 shares of the information services provider’s stock valued at $108,094,000 after purchasing an additional 385,900 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Sohu.com during the 2nd quarter valued at $350,000. 63.25% of the stock is owned by institutional investors and hedge funds.
Sohu.com (SOHU) traded up 0.52% during mid-day trading on Wednesday, reaching $56.10. 378,624 shares of the company traded hands. The company’s 50-day moving average is $54.60 and its 200-day moving average is $45.92. Sohu.com has a 12-month low of $32.60 and a 12-month high of $58.98. The stock’s market capitalization is $2.18 billion.
Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, July 31st. The information services provider reported ($1.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.73) by ($0.12). Sohu.com had a negative return on equity of 19.12% and a negative net margin of 17.93%. The business had revenue of $461.20 million for the quarter, compared to the consensus estimate of $456.10 million. During the same period in the prior year, the business posted ($1.61) earnings per share. Sohu.com’s revenue was up 9.8% on a year-over-year basis. Equities analysts predict that Sohu.com will post ($5.73) earnings per share for the current fiscal year.
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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