Sohu.com (NASDAQ:SOHU) Shares Pass Above 200-Day Moving Average – Should You Sell?

Sohu.com Inc. (NASDAQ:SOHUGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Sohu.com News Summary

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

Analysts Set New Price Targets

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

View Our Latest Report on SOHU

Sohu.com Stock Performance

The stock’s fifty day moving average price is $16.39 and its 200-day moving average price is $15.64. The company has a market capitalization of $494.65 million, a P/E ratio of 1.17 and a beta of 0.46.

Institutional Trading of Sohu.com

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Sohu.com by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider’s stock worth $674,000 after purchasing an additional 9,168 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of Sohu.com in the second quarter valued at approximately $184,000. Acadian Asset Management LLC grew its holdings in shares of Sohu.com by 47.1% during the 2nd quarter. Acadian Asset Management LLC now owns 979,430 shares of the information services provider’s stock worth $13,008,000 after purchasing an additional 313,572 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Sohu.com by 143.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,381 shares of the information services provider’s stock worth $444,000 after purchasing an additional 19,681 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Sohu.com by 271.5% in the second quarter. JPMorgan Chase & Co. now owns 13,896 shares of the information services provider’s stock valued at $185,000 after purchasing an additional 10,155 shares in the last quarter. Institutional investors own 33.02% of the company’s stock.

About Sohu.com

(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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