Sohu.com (NASDAQ:SOHU) Shares Cross Above Two Hundred Day Moving Average of $11.31
Sohu.com Ltd – (NASDAQ:SOHU)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.31 and traded as high as $14.10. Sohu.com shares last traded at $13.59, with a volume of 19,018 shares.
Several analysts have recently commented on SOHU shares. Jefferies Financial Group initiated coverage on shares of Sohu.com in a research note on Thursday, December 5th. They set a “hold” rating and a $11.30 price target on the stock. BidaskClub raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Zacks Investment Research downgraded shares of Sohu.com from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research report on Monday, November 11th.
The firm has a market cap of $531.55 million, a P/E ratio of -3.28 and a beta of 1.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.80 and a current ratio of 1.80. The firm’s fifty day moving average is $11.17 and its 200 day moving average is $11.31.
Several hedge funds have recently made changes to their positions in SOHU. Tower Research Capital LLC TRC boosted its holdings in shares of Sohu.com by 245.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,043 shares of the information services provider’s stock worth $51,000 after buying an additional 3,583 shares during the period. Morgan Stanley raised its stake in Sohu.com by 18.4% in the 2nd quarter. Morgan Stanley now owns 8,835 shares of the information services provider’s stock worth $124,000 after purchasing an additional 1,373 shares in the last quarter. Granite Point Capital Management L.P. acquired a new stake in Sohu.com in the 3rd quarter worth about $203,000. Campbell & CO Investment Adviser LLC acquired a new stake in Sohu.com in the 3rd quarter worth about $304,000. Finally, Cubist Systematic Strategies LLC raised its stake in Sohu.com by 107.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,532 shares of the information services provider’s stock worth $441,000 after purchasing an additional 16,302 shares in the last quarter. 54.88% of the stock is owned by institutional investors and hedge funds.
Sohu.com Company Profile (NASDAQ:SOHU)
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.
Recommended Story: How is the discount rate different from the Federal Funds rate?
Receive News & Ratings for Sohu.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sohu.com and related companies with MarketBeat.com's FREE daily email newsletter.