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

Sohu.com (NASDAQ:SOHU) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Sohu.com Stock Up 1.4 %

Shares of NASDAQ SOHU traded up $0.20 during trading on Monday, reaching $14.11. 49,797 shares of the company traded hands, compared to its average volume of 71,248. The firm has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $13.86. Sohu.com has a 52-week low of $10.12 and a 52-week high of $17.24. The stock has a market capitalization of $456.50 million, a PE ratio of -4.51 and a beta of 1.12.

Sohu.com (NASDAQ:SOHU) last issued its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share (EPS) for the quarter. The company 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 in the prior year, the company earned ($0.37) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SOHU. BNP Paribas Financial Markets grew its stake in shares of Sohu.com by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,519 shares of the information services provider’s stock valued at $87,000 after purchasing an additional 2,367 shares during the period. Seldon Capital LP purchased a new position in shares of Sohu.com in the fourth quarter worth approximately $132,000. Two Sigma Advisers LP bought a new stake in Sohu.com during the fourth quarter valued at approximately $134,000. Vontobel Holding Ltd. purchased a new stake in Sohu.com during the fourth quarter valued at approximately $144,000. Finally, Man Group plc bought a new position in Sohu.com in the fourth quarter worth approximately $166,000. 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.