Sohu.com (NASDAQ:SOHU) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Sohu.com (NASDAQ:SOHU) from a hold rating to a buy rating in a research report released on Monday.

Sohu.com Price Performance

Shares of SOHU opened at $13.71 on Monday. Sohu.com has a 1-year low of $10.39 and a 1-year high of $17.24. The company has a market capitalization of $443.56 million, a P/E ratio of -4.38 and a beta of 1.12. The firm’s 50 day simple moving average is $13.59 and its 200 day simple moving average is $13.85.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $134.68 million for the quarter. Sohu.com had a negative return on equity of 8.49% and a negative net margin of 16.76%. During the same period in the prior year, the company earned ($0.37) earnings per share.

Hedge Funds Weigh In On Sohu.com

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Sohu.com by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 5,519 shares of the information services provider’s stock worth $87,000 after buying an additional 2,367 shares in the last quarter. Seldon Capital LP bought a new position in shares of Sohu.com during the 4th quarter valued at $132,000. Two Sigma Advisers LP purchased a new position in Sohu.com in the 4th quarter worth $134,000. Vontobel Holding Ltd. bought a new stake in Sohu.com in the fourth quarter worth $144,000. Finally, Man Group plc purchased a new stake in Sohu.com during the fourth quarter valued at about $166,000. 33.02% of the stock is owned by hedge funds and other institutional investors.

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.