Sohu.com (NASDAQ:SOHU) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Sohu.com Inc. (NASDAQ:SOHU) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.65 and traded as high as $15.80. Sohu.com shares last traded at $15.70, with a volume of 21,823 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sohu.com in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sohu.com currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Sohu.com Price Performance

The firm has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $15.66. The company has a market cap of $409.30 million, a price-to-earnings ratio of 1.12 and a beta of 0.42.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new position in shares of Sohu.com during the fourth quarter valued at about $195,000. State Street Corp raised its stake in shares of Sohu.com by 5.4% in the fourth 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Sohu.com by 3.6% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 121,766 shares of the information services provider’s stock worth $2,071,000 after buying an additional 4,191 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Sohu.com by 10.3% during the third quarter. Public Employees Retirement System of Ohio now owns 100,707 shares of the information services provider’s stock worth $1,574,000 after buying an additional 9,376 shares in the last quarter. Finally, Numerai GP LLC acquired a new stake in Sohu.com during the third quarter worth $175,000. Institutional investors and hedge funds own 33.02% of the company’s stock.

Sohu.com Company Profile

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.