Sohu.com (NASDAQ:SOHU) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Sohu.com Inc. (NASDAQ:SOHU) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.43 and traded as high as $15.21. Sohu.com shares last traded at $14.96, with a volume of 37,643 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SOHU shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a report on Wednesday, October 8th. Jefferies Financial Group upped their target price on shares of Sohu.com from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Citigroup restated a “buy” rating on shares of Sohu.com in a research report on Monday, November 17th. Finally, Wall Street Zen raised shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Sohu.com Price Performance

The firm’s 50-day moving average price is $14.95 and its 200-day moving average price is $14.46. The stock has a market cap of $449.85 million, a P/E ratio of 2.99 and a beta of 0.39.

Sohu.com (NASDAQ:SOHU) last announced its quarterly earnings data on Monday, November 17th. The information services provider reported $0.32 earnings per share for the quarter. Sohu.com had a negative return on equity of 4.20% and a net margin of 25.92%.The business had revenue of $180.16 million for the quarter. During the same period in the prior year, the company posted ($0.52) earnings per share.

Hedge Funds Weigh In On Sohu.com

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in shares of Sohu.com by 10.3% during the third quarter. Public Employees Retirement System of Ohio now owns 100,707 shares of the information services provider’s stock worth $1,574,000 after buying an additional 9,376 shares during the period. Numerai GP LLC acquired a new stake in shares of Sohu.com during the third quarter worth about $175,000. UBS Group AG boosted its stake in shares of Sohu.com by 502.9% in the third quarter. UBS Group AG now owns 162,315 shares of the information services provider’s stock valued at $2,537,000 after purchasing an additional 135,394 shares during the period. Athos Capital Ltd acquired a new position in shares of Sohu.com in the third quarter valued at approximately $138,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Sohu.com by 71.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 117,575 shares of the information services provider’s stock worth $1,838,000 after buying an additional 49,099 shares during the period. Hedge funds and other 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.