Sohu.com Limited (NASDAQ:SOHU – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.52 and traded as high as $11.18. Sohu.com shares last traded at $11.08, with a volume of 30,454 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Sohu.com from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.
Read Our Latest Analysis on SOHU
Sohu.com Stock Performance
Sohu.com (NASDAQ:SOHU – Get Free Report) last released its quarterly earnings results on Monday, March 4th. The information services provider reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.13. The business had revenue of $141.36 million during the quarter, compared to the consensus estimate of $159.62 million. Sohu.com had a negative return on equity of 4.88% and a negative net margin of 5.06%. Research analysts forecast that Sohu.com Limited will post -1.21 EPS for the current year.
Hedge Funds Weigh In On Sohu.com
An institutional investor recently raised its position in Sohu.com stock. Acadian Asset Management LLC raised its stake in shares of Sohu.com Limited (NASDAQ:SOHU – Free Report) by 5.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 491,784 shares of the information services provider’s stock after purchasing an additional 26,898 shares during the period. Acadian Asset Management LLC owned approximately 1.46% of Sohu.com worth $4,615,000 as of its most recent SEC filing. 33.02% of the stock is owned by institutional investors.
Sohu.com Company Profile
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.
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