Sohu.com Inc. (SOHU) Receives Consensus Recommendation of “Hold” from Brokerages
Sohu.com Inc. (NASDAQ:SOHU) has received an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $58.50.
A number of analysts recently issued reports on the stock. ValuEngine raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet raised shares of Sohu.com from a “d+” rating to a “c-” rating in a research report on Friday, August 18th. BidaskClub raised shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Morgan Stanley raised shares of Sohu.com from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $36.00 to $60.00 in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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Shares of Sohu.com (NASDAQ SOHU) traded up 4.30% on Friday, reaching $57.46. 419,548 shares of the company’s stock traded hands. The stock’s market capitalization is $2.23 billion. Sohu.com has a 52 week low of $32.60 and a 52 week high of $58.98. The stock’s 50-day moving average price is $54.53 and its 200-day moving average price is $47.39.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, July 31st. The information services provider reported ($1.85) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.73) by ($0.12). Sohu.com had a negative net margin of 17.93% and a negative return on equity of 19.12%. The company had revenue of $461.20 million for the quarter, compared to analyst estimates of $456.10 million. During the same period in the prior year, the company earned ($1.61) EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that Sohu.com will post ($5.73) EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Westpac Banking Corp acquired a new stake in Sohu.com during the 2nd quarter worth approximately $194,000. Quantbot Technologies LP purchased a new position in Sohu.com in the 2nd quarter worth approximately $202,000. SG Americas Securities LLC boosted its holdings in Sohu.com by 37.8% in the 1st quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock worth $187,000 after acquiring an additional 1,302 shares during the period. Wells Fargo & Company MN boosted its holdings in Sohu.com by 12.9% in the 1st quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock worth $243,000 after acquiring an additional 706 shares during the period. Finally, Invictus RG purchased a new position in Sohu.com in the 1st quarter worth approximately $262,000. 63.25% 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, 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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