Sohu.com Inc. (SOHU) Sees Large Volume Increase
Sohu.com Inc. (NASDAQ:SOHU) saw an uptick in trading volume on Monday . 558,297 shares traded hands during trading, an increase of 141% from the previous session’s volume of 231,831 shares.The stock last traded at $41.83 and had previously closed at $40.24.
A number of brokerages recently weighed in on SOHU. Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research note on Monday. Citigroup Inc. cut Sohu.com from a “buy” rating to a “neutral” rating in a research note on Friday, July 22nd. Brean Capital restated a “hold” rating on shares of Sohu.com in a research note on Tuesday, May 24th. Finally, TheStreet cut Sohu.com from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $55.50.
The firm’s market capitalization is $1.63 billion. The company’s 50 day moving average price is $38.95 and its 200-day moving average price is $42.63.
Sohu.com (NASDAQ:SOHU) last released its quarterly earnings data on Monday, August 1st. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 period in the prior year, the company posted ($0.37) earnings per share. On average, equities analysts predict that Sohu.com Inc. will post ($6.53) EPS for the current year.
An institutional investor recently bought a new position in Sohu.com stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sohu.com Inc. (NASDAQ:SOHU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,900 shares of the company’s stock, valued at approximately $1,367,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Sohu.com as of its most recent SEC filing.
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.
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