Sohu.com Inc. (SOHU) Rating Lowered to Hold at Deutsche Bank AG

Deutsche Bank AG cut shares of Sohu.com Inc. (NASDAQ:SOHU) from a buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports. Deutsche Bank AG currently has $57.00 target price on the information services provider’s stock.

SOHU has been the topic of several other reports. BidaskClub upgraded shares of Sohu.com from a hold rating to a buy rating in a research report on Friday, August 4th. TheStreet upgraded shares of Sohu.com from a d+ rating to a c- rating in a research report on Friday, August 18th. Morgan Stanley upgraded shares of Sohu.com from an underweight rating to an equal weight rating and upped their price objective for the stock from $36.00 to $60.00 in a research report on Tuesday, August 1st. ValuEngine upgraded shares of Sohu.com from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Sohu.com from a sell rating to a hold rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $58.00.

Sohu.com (NASDAQ:SOHU) last announced its quarterly earnings results on Friday, October 27th. The information services provider reported ($2.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.24) by ($1.14). Sohu.com had a negative return on equity of 21.39% and a negative net margin of 18.51%. The firm had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $493.47 million. During the same period in the previous year, the company posted ($1.68) earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year.

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Several hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System increased its position in shares of Sohu.com by 0.6% in the second quarter. California Public Employees Retirement System now owns 108,200 shares of the information services provider’s stock worth $4,875,000 after purchasing an additional 600 shares during the last quarter. Wells Fargo & Company MN grew its position in Sohu.com by 12.9% during the first quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock valued at $243,000 after acquiring an additional 706 shares during the last quarter. SG Americas Securities LLC grew its position in Sohu.com by 37.8% during the first quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock valued at $187,000 after acquiring an additional 1,302 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sohu.com by 23.6% during the second quarter. JPMorgan Chase & Co. now owns 10,397 shares of the information services provider’s stock valued at $469,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Matthews International Capital Management LLC grew its position in Sohu.com by 39.4% during the second quarter. Matthews International Capital Management LLC now owns 9,900 shares of the information services provider’s stock valued at $446,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 63.21% of the company’s stock.

Sohu.com Company Profile

Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.

Analyst Recommendations for Sohu.com (NASDAQ:SOHU)

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