Sohu.com (NASDAQ:SOHU) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Sohu.com Inc. (NASDAQ:SOHU) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.65 and traded as high as $15.80. Sohu.com shares last traded at $15.70, with a volume of 21,823 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sohu.com in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Sohu.com Price Performance

The stock has a 50-day simple moving average of $15.79 and a 200-day simple moving average of $15.65. The stock has a market cap of $409.30 million, a P/E ratio of 1.12 and a beta of 0.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in Sohu.com by 75.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 860 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Sohu.com by 369.9% during the second quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,587 shares in the last quarter. State Street Corp boosted its stake in shares of Sohu.com by 5.4% during the fourth quarter. State Street Corp now owns 45,784 shares of the information services provider’s stock valued at $716,000 after purchasing an additional 2,339 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Sohu.com by 180.2% during the second quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 2,819 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Sohu.com by 11.1% during the second quarter. Qube Research & Technologies Ltd now owns 36,353 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 3,641 shares in the last quarter. Institutional investors own 33.02% of the company’s stock.

About Sohu.com

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.