Sohu.com Limited (NASDAQ:SOHU – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 81,730 shares changed hands during trading, an increase of 77% from the previous session’s volume of 46,291 shares.The stock last traded at $15.75 and had previously closed at $15.30.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Sohu.com from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th.
Read Our Latest Report on Sohu.com
Sohu.com Stock Performance
Sohu.com (NASDAQ:SOHU – Get Free Report) last issued its quarterly earnings results on Monday, May 20th. The information services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.42). Sohu.com had a negative net margin of 6.47% and a negative return on equity of 5.77%. The company had revenue of $139.39 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of Sohu.com by 46.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock worth $33,000 after buying an additional 1,000 shares in the last quarter. Athos Capital Ltd acquired a new stake in Sohu.com in the fourth quarter valued at $71,000. Russell Investments Group Ltd. boosted its position in shares of Sohu.com by 31.1% during the 1st quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock worth $328,000 after purchasing an additional 7,363 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Sohu.com by 4.1% during the 1st quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock worth $512,000 after purchasing an additional 1,914 shares during the period. 33.02% of the stock is currently owned by institutional investors and hedge funds.
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.
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