Sohu.com (NASDAQ:SOHU) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Sohu.com Inc. (NASDAQ:SOHUGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.67 and traded as high as $14.69. Sohu.com shares last traded at $14.60, with a volume of 44,949 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SOHU shares. Weiss Ratings lowered shares of Sohu.com from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 15th. Jefferies Financial Group reissued a “buy” rating and issued a $19.00 price target on shares of Sohu.com in a research note on Monday, August 10th. Finally, Wall Street Zen lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Check Out Our Latest Stock Report on Sohu.com

Sohu.com Price Performance

The business’s 50 day simple moving average is $13.16 and its 200 day simple moving average is $14.66. The company has a market capitalization of $373.97 million, a PE ratio of 1.67 and a beta of 0.36.

Sohu.com (NASDAQ:SOHUGet Free Report) last released its quarterly earnings data on Tuesday, June 30th. The information services provider reported $0.02 EPS for the quarter. Sohu.com had a return on equity of 21.63% and a net margin of 38.15%.The firm had revenue of $135.54 million for the quarter.

Institutional Investors Weigh In On Sohu.com

A number of hedge funds and other institutional investors have recently modified their holdings of SOHU. EverSource Wealth Advisors LLC grew its position in shares of Sohu.com by 75.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock worth $27,000 after acquiring an additional 860 shares during the last quarter. Headlands Technologies LLC raised its position in Sohu.com by 369.9% in the 2nd 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 during the last quarter. State Street Corp raised its position in Sohu.com by 5.4% in the 4th 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 during the last quarter. New York State Common Retirement Fund boosted its stake in Sohu.com by 180.2% during the 2nd quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock worth $58,000 after purchasing an additional 2,819 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Sohu.com by 11.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,353 shares of the information services provider’s stock worth $484,000 after purchasing an additional 3,641 shares during the period. 33.02% of the stock is currently owned by institutional investors and hedge funds.

About Sohu.com

(Get Free Report)

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.

Further Reading

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