Sohu.com (NASDAQ:SOHU) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Sohu.com Inc. (NASDAQ:SOHUGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.67 and traded as high as $16.17. Sohu.com shares last traded at $15.96, with a volume of 36,741 shares changing hands.

Sohu.com News Roundup

Here are the key news stories impacting Sohu.com this week:

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sohu.com in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Sohu.com presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Check Out Our Latest Stock Analysis on Sohu.com

Sohu.com Price Performance

The firm’s 50 day moving average is $16.37 and its 200 day moving average is $15.68. The company has a market cap of $425.46 million, a PE ratio of 1.16 and a beta of 0.46.

Institutional Investors Weigh In On Sohu.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG boosted its stake in Sohu.com by 502.9% during the third quarter. UBS Group AG now owns 162,315 shares of the information services provider’s stock valued at $2,537,000 after buying an additional 135,394 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in Sohu.com by 71.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 117,575 shares of the information services provider’s stock worth $1,838,000 after acquiring an additional 49,099 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Sohu.com by 53.7% in the 2nd quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider’s stock valued at $1,343,000 after acquiring an additional 35,256 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Sohu.com by 62.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 61,972 shares of the information services provider’s stock valued at $810,000 after acquiring an additional 23,903 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Sohu.com by 143.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,381 shares of the information services provider’s stock valued at $444,000 after acquiring an additional 19,681 shares during the last quarter. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Sohu.com Company Profile

(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.

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