StockNews.com Upgrades Sohu.com (NASDAQ:SOHU) to “Buy”

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

Sohu.com Stock Performance

SOHU opened at $14.11 on Monday. Sohu.com has a one year low of $10.12 and a one year high of $17.24. The stock has a market cap of $456.50 million, a price-to-earnings ratio of -4.51 and a beta of 1.12. The stock’s 50 day moving average price is $13.55 and its 200-day moving average price is $13.86.

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

Hedge Funds Weigh In On Sohu.com

A number of institutional investors have recently modified their holdings of SOHU. Connor Clark & Lunn Investment Management Ltd. grew its stake in Sohu.com by 166.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock worth $2,908,000 after purchasing an additional 115,407 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Sohu.com during the third quarter valued at $2,357,000. FMR LLC bought a new stake in shares of Sohu.com in the third quarter valued at about $3,774,000. BNP Paribas Financial Markets raised its holdings in shares of 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 valued at $87,000 after acquiring an additional 2,367 shares in the last quarter. Finally, State Street Corp lifted its stake in Sohu.com by 17.9% in the third quarter. State Street Corp now owns 44,206 shares of the information services provider’s stock worth $696,000 after acquiring an additional 6,715 shares during the period. 33.02% of the stock is owned by hedge funds and other institutional investors.

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.