Sohu.com (NASDAQ:SOHU) Stock Passes Above 200-Day Moving Average of $10.81

Sohu.com Limited (NASDAQ:SOHU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.81 and traded as high as $14.10. Sohu.com shares last traded at $13.91, with a volume of 60,298 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sohu.com from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th.

Sohu.com Price Performance

The company has a 50-day simple moving average of $12.47 and a two-hundred day simple moving average of $10.86. The stock has a market capitalization of $469.64 million, a price-to-earnings ratio of -12.69 and a beta of 1.19.

Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, May 20th. The information services provider reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.42). Sohu.com had a negative return on equity of 5.77% and a negative net margin of 6.47%. The company had revenue of $139.39 million during the quarter.

Institutional Investors Weigh In On Sohu.com

Large investors have recently added to or reduced their stakes in the stock. Athos Capital Ltd acquired a new position in shares of Sohu.com during the fourth quarter valued at $71,000. BNP Paribas Financial Markets increased its holdings in shares of Sohu.com by 46.5% during the first quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 1,000 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Sohu.com by 4.1% during the first quarter. GSA Capital Partners LLP now owns 48,435 shares of the information services provider’s stock valued at $512,000 after purchasing an additional 1,914 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Sohu.com by 31.1% during the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock valued at $328,000 after purchasing an additional 7,363 shares during the period. 33.02% of the stock is owned by institutional investors and hedge funds.

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.