Analysts Set Sohu.com Inc. (SOHU) Target Price at $45.83
Sohu.com Inc. (NASDAQ:SOHU) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $45.83.
A number of equities research analysts have recently weighed in on SOHU shares. Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating in a report on Monday, August 29th. Citigroup Inc. downgraded Sohu.com from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Deutsche Bank AG started coverage on Sohu.com in a report on Friday, September 9th. They set a “buy” rating and a $53.30 target price for the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $40.00 target price on shares of Sohu.com in a report on Wednesday, August 31st. Finally, TheStreet downgraded Sohu.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd.
Shares of Sohu.com (NASDAQ:SOHU) opened at 35.14 on Thursday. Sohu.com has a one year low of $33.99 and a one year high of $59.50. The firm’s 50-day moving average is $40.74 and its 200-day moving average is $40.38. The company’s market cap is $1.36 billion.
Sohu.com (NASDAQ:SOHU) last posted its earnings results on Monday, October 24th. The company reported ($1.68) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.22) by $0.54. Sohu.com had a negative return on equity of 11.13% and a negative net margin of 11.06%. The company earned $411 million during the quarter, compared to the consensus estimate of $420.03 million. During the same quarter last year, the firm earned $1.27 earnings per share. The company’s revenue was down 21.4% on a year-over-year basis. Analysts expect that Sohu.com will post ($6.10) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd acquired a new position in shares of Sohu.com during the first quarter valued at approximately $314,573,000. BlackRock Group LTD increased its position in shares of Sohu.com by 12.5% in the first quarter. BlackRock Group LTD now owns 49,425 shares of the company’s stock valued at $2,449,000 after buying an additional 5,506 shares during the last quarter. HBK Investments L P increased its position in shares of Sohu.com by 74.1% in the first quarter. HBK Investments L P now owns 39,000 shares of the company’s stock valued at $1,932,000 after buying an additional 16,600 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Sohu.com by 14.2% in the second quarter. Baillie Gifford & Co. now owns 473,634 shares of the company’s stock valued at $17,931,000 after buying an additional 59,034 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Sohu.com during the first quarter valued at approximately $1,045,000. 64.71% of the stock is owned by hedge funds and other institutional investors.
Sohu.com Inc (Sohu) is an online media, search and game service company 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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