Sohu.com (NASDAQ:SOHU) Upgraded by StockNews.com to “Buy” Rating

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

Sohu.com Stock Down 5.5%

Shares of SOHU opened at $9.94 on Tuesday. The company has a market capitalization of $298.85 million, a P/E ratio of -3.18 and a beta of 0.70. The firm has a 50 day moving average of $11.12 and a 200 day moving average of $12.55. Sohu.com has a twelve month low of $7.79 and a twelve month high of $17.24.

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

Institutional Investors Weigh In On Sohu.com

Several institutional investors and hedge funds have recently made changes to their positions in SOHU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Sohu.com by 16.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,700 shares of the information services provider’s stock worth $181,000 after purchasing an additional 1,899 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Sohu.com by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 38,069 shares of the information services provider’s stock worth $506,000 after purchasing an additional 2,993 shares during the last quarter. Sei Investments Co. boosted its holdings in Sohu.com by 47.6% in the fourth quarter. Sei Investments Co. now owns 17,354 shares of the information services provider’s stock worth $229,000 after purchasing an additional 5,600 shares during the last quarter. Vident Advisory LLC boosted its holdings in Sohu.com by 15.6% in the first quarter. Vident Advisory LLC now owns 47,498 shares of the information services provider’s stock worth $626,000 after purchasing an additional 6,398 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Sohu.com by 21.8% in 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 last quarter. Institutional investors own 33.02% of the company’s stock.

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.