StockNews.com lowered shares of Sohu.com (NASDAQ:SOHU - Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
Sohu.com Price Performance
Sohu.com stock traded down $1.14 during midday trading on Tuesday, reaching $11.49. The company had a trading volume of 153,439 shares, compared to its average volume of 72,677. Sohu.com has a 12-month low of $10.70 and a 12-month high of $17.24. The company has a market capitalization of $371.74 million, a P/E ratio of -3.67 and a beta of 0.87. The firm's fifty day simple moving average is $13.61 and its 200-day simple moving average is $13.74.
Sohu.com (NASDAQ:SOHU - Get Free Report) last released its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share for the quarter. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. The firm had revenue of $134.68 million during the quarter. During the same quarter in the previous year, the business posted ($0.37) EPS.
Institutional Investors Weigh In On Sohu.com
A number of hedge funds have recently modified their holdings of SOHU. FMR LLC acquired a new position in Sohu.com during the third quarter worth about $3,774,000. Bank of Montreal Can acquired a new position in shares of Sohu.com during the 3rd quarter worth approximately $2,357,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sohu.com by 63.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider's stock worth $3,972,000 after purchasing an additional 116,746 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Sohu.com in the third quarter valued at approximately $1,350,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Sohu.com by 36.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider's stock valued at $3,520,000 after purchasing an additional 71,259 shares during the last quarter. 33.02% of the stock is currently owned by institutional investors and hedge funds.
Sohu.com Company Profile
(
Get Free Report)
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.
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