Sohu.com (NASDAQ:SOHU) Stock Price Down 3.7% – Time to Sell?

Sohu.com Limited (NASDAQ:SOHU) shares dropped 3.7% on Monday . The stock traded as low as $15.14 and last traded at $15.16. Approximately 47,755 shares changed hands during trading, a decline of 27% from the average daily volume of 65,415 shares. The stock had previously closed at $15.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Sohu.com Stock Up 0.6 %

The company has a market cap of $467.66 million, a P/E ratio of -8.47 and a beta of 1.18. The company’s 50-day moving average is $15.44 and its two-hundred day moving average is $13.73.

Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, August 5th. The information services provider reported ($1.04) earnings per share for the quarter. The business had revenue of $172.33 million for the quarter. Sohu.com had a negative return on equity of 7.34% and a negative net margin of 9.00%.

Institutional Investors Weigh In On Sohu.com

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Sohu.com by 46.5% in the first quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock worth $33,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. raised its stake in Sohu.com by 1,973.0% in the second quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 3,867 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Sohu.com by 31.1% in the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock valued at $328,000 after purchasing an additional 7,363 shares in the last quarter. GSA Capital Partners LLP raised its stake in Sohu.com by 4.1% in the first quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock valued at $512,000 after purchasing an additional 1,914 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Sohu.com in the second quarter valued at approximately $36,000. 33.02% of the stock is owned by hedge funds and other institutional investors.

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.