Sohu.com (NASDAQ:SOHU – Get Free Report) announced its quarterly earnings results on Monday. The information services provider reported ($0.55) EPS for the quarter, RTT News reports. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%.
Sohu.com Price Performance
Shares of SOHU opened at $10.85 on Monday. The company has a market capitalization of $326.21 million, a price-to-earnings ratio of -3.47 and a beta of 0.70. The business has a 50-day moving average of $11.27 and a 200-day moving average of $12.59. Sohu.com has a 1 year low of $7.79 and a 1 year high of $17.24.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Sohu.com from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st.
Institutional Investors Weigh In On Sohu.com
A hedge fund recently raised its stake in Sohu.com stock. Goldman Sachs Group Inc. grew its position in shares of Sohu.com Limited (NASDAQ:SOHU – Free Report) by 21.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,197 shares of the information services provider’s stock after acquiring an additional 9,168 shares during the quarter. Goldman Sachs Group Inc. owned about 0.17% of Sohu.com worth $674,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 33.02% of the company’s stock.
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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