Sohu.com (NASDAQ:SOHU) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Sohu.com Inc. (NASDAQ:SOHUGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.64 and traded as high as $16.85. Sohu.com shares last traded at $16.45, with a volume of 26,798 shares changing hands.

Sohu.com News Summary

Here are the key news stories impacting Sohu.com this week:

Analyst Upgrades and Downgrades

Several research firms have commented on SOHU. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a research note on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Sohu.com in a report on Monday, November 17th. Wall Street Zen raised shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Jefferies Financial Group lifted their target price on Sohu.com from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Read Our Latest Stock Report on SOHU

Sohu.com Stock Performance

The company has a market capitalization of $494.65 million, a price-to-earnings ratio of 1.17 and a beta of 0.46. The business’s 50 day moving average price is $16.39 and its two-hundred day moving average price is $15.64.

Institutional Trading of Sohu.com

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in shares of Sohu.com by 47.1% in the second quarter. Acadian Asset Management LLC now owns 979,430 shares of the information services provider’s stock worth $13,008,000 after buying an additional 313,572 shares during the last quarter. UBS Group AG raised its holdings in Sohu.com by 502.9% in the 3rd quarter. UBS Group AG now owns 162,315 shares of the information services provider’s stock valued at $2,537,000 after acquiring an additional 135,394 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Sohu.com by 3.6% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 121,766 shares of the information services provider’s stock valued at $2,071,000 after purchasing an additional 4,191 shares during the period. American Century Companies Inc. raised its stake in shares of Sohu.com by 53.7% in the second quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider’s stock valued at $1,343,000 after purchasing an additional 35,256 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Sohu.com by 10.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,707 shares of the information services provider’s stock valued at $1,574,000 after buying an additional 9,376 shares in 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 Inc (NASDAQ: SOHU) is a Beijing-based technology and media company that operates one of China’s earliest and most comprehensive online portals. Established in 1996 by Charles Zhang, the company provides a diverse array of internet services including news, entertainment, video streaming and UGC (user-generated content) platforms. Over the years, Sohu.com has expanded its content offerings to cover topics such as finance, sports, automotive news and lifestyle, catering primarily to users across Mainland China.

In addition to its content portal, Sohu.com is active in the online advertising market, leveraging its high-traffic websites and mobile apps to deliver targeted ads for brand marketers.

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