Sohu.com (NASDAQ:SOHU) Announces Quarterly Earnings Results

Sohu.com (NASDAQ:SOHU) posted its quarterly earnings data on Monday. The information services provider reported ($0.55) EPS for the quarter, RTT News reports. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. The firm had revenue of $135.65 million during the quarter.

Sohu.com Price Performance

NASDAQ:SOHU opened at $9.94 on Wednesday. The company has a market cap of $298.85 million, a P/E ratio of -3.18 and a beta of 0.70. The stock’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $12.55. Sohu.com has a 1 year low of $7.79 and a 1 year high of $17.24.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sohu.com from a “hold” rating to a “buy” rating in a research note on Tuesday.

Institutional Investors Weigh In On Sohu.com

An institutional investor recently raised its position in Sohu.com stock. Goldman Sachs Group Inc. lifted its position in Sohu.com Limited (NASDAQ:SOHU) by 21.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,197 shares of the information services provider’s stock after purchasing an additional 9,168 shares during the quarter. Goldman Sachs Group Inc. owned about 0.17% of Sohu.com worth $674,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.02% of the company’s stock.

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.