Sohu.com Inc. (SOHU) Sees Unusually-High Trading Volume
Sohu.com Inc. (NASDAQ:SOHU) saw unusually-high trading volume on Thursday . Approximately 362,165 shares changed hands during trading, an increase of 81% from the previous session’s volume of 200,401 shares.The stock last traded at $40.20 and had previously closed at $38.37.
SOHU has been the subject of several recent research reports. Credit Suisse Group AG reiterated a “hold” rating on shares of Sohu.com in a research report on Sunday, May 1st. Brean Capital reiterated a “hold” rating on shares of Sohu.com in a research report on Tuesday, May 17th. Finally, Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.50.
The firm’s market capitalization is $1.52 billion. The firm has a 50-day moving average of $38.32 and a 200 day moving average of $43.22.
Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, August 1st. The company reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($1.37) by $0.25. The firm earned $420 million during the quarter, compared to analyst estimates of $439.64 million. The business’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.37) earnings per share. On average, analysts anticipate that Sohu.com Inc. will post ($6.53) earnings per share for the current year.
An institutional investor recently raised its position in Sohu.com stock. First Trust Advisors LP boosted its position in Sohu.com Inc. (NASDAQ:SOHU) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,281 shares of the company’s stock after buying an additional 4,511 shares during the period. First Trust Advisors LP owned 0.09% of Sohu.com worth $1,732,000 at the end of the most recent quarter.
Sohu.com Inc (Sohu) is an online media, search and game service company providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.