Sohu.com (NASDAQ:SOHU) Stock Passes Above Two Hundred Day Moving Average of $12.90

Sohu.com Limited (NASDAQ:SOHU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.90 and traded as high as $15.40. Sohu.com shares last traded at $14.89, with a volume of 37,500 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Sohu.com Trading Down 3.4 %

The stock has a market cap of $492.11 million, a P/E ratio of -13.29 and a beta of 1.18. The company’s 50-day simple moving average is $15.06 and its 200 day simple moving average is $12.90.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, August 5th. The information services provider reported ($1.04) EPS for the quarter. The business had revenue of $172.33 million for the quarter. Sohu.com had a negative return on equity of 7.34% and a negative net margin of 9.00%.

Hedge Funds Weigh In On Sohu.com

Several institutional investors have recently added to or reduced their stakes in SOHU. BNP Paribas Financial Markets boosted its stake in Sohu.com by 46.5% in the first quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 1,000 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Sohu.com by 4.1% in the first quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock valued at $512,000 after purchasing an additional 1,914 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Sohu.com by 31.1% during the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock valued at $328,000 after purchasing an additional 7,363 shares during the period. Blue Trust Inc. increased its position in Sohu.com by 1,973.0% in the second quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after buying an additional 3,867 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Sohu.com in the second quarter valued at $36,000. Institutional investors own 33.02% of the company’s stock.

Sohu.com Company Profile

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.