Sohu.com (NASDAQ:SOHU) Issues Earnings Results

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

Sohu.com Stock Down 1.2%

Shares of NASDAQ SOHU opened at $10.85 on Monday. The firm has a market capitalization of $326.21 million, a P/E ratio of -3.47 and a beta of 0.70. The stock’s 50-day simple moving average is $11.27 and its two-hundred day simple moving average is $12.59. Sohu.com has a twelve month low of $7.79 and a twelve month high of $17.24.

Hedge Funds Weigh In On Sohu.com

A hedge fund recently raised its stake in Sohu.com stock. Goldman Sachs Group Inc. boosted its holdings in Sohu.com Limited (NASDAQ:SOHU) by 21.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,197 shares of the information services provider’s stock after acquiring an additional 9,168 shares during the quarter. Goldman Sachs Group Inc. owned 0.17% of Sohu.com worth $674,000 at the end of the most recent reporting period. 33.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st.

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.