StockNews.com upgraded shares of Sohu.com (NASDAQ:SOHU – Free Report) from a hold rating to a buy rating in a research report report published on Wednesday.
Sohu.com Trading Down 6.6 %
Shares of SOHU opened at $12.17 on Wednesday. Sohu.com has a 12 month low of $7.80 and a 12 month high of $17.24. The firm has a fifty day simple moving average of $14.89 and a 200 day simple moving average of $14.13. The stock has a market capitalization of $393.74 million, a price-to-earnings ratio of -4.33 and a beta of 1.19.
Institutional Trading of Sohu.com
A number of large investors have recently added to or reduced their stakes in the company. FMR LLC acquired a new stake in Sohu.com in the third quarter valued at $3,774,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Sohu.com by 166.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock valued at $2,908,000 after acquiring an additional 115,407 shares during the last quarter. Bank of Montreal Can acquired a new stake in Sohu.com in the third quarter valued at $2,357,000. Russell Investments Group Ltd. lifted its stake in Sohu.com by 31.1% in the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock valued at $328,000 after acquiring an additional 7,363 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Sohu.com in the third quarter valued at about $312,000. Institutional investors and hedge funds own 33.02% of the company’s stock.
About Sohu.com
Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.
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