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

Sohu.com Inc. (NASDAQ:SOHUGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.67 and traded as high as $16.04. Sohu.com shares last traded at $15.65, with a volume of 15,310 shares traded.

Sohu.com News Roundup

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

Analyst Upgrades and Downgrades

SOHU has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sohu.com in a report on Thursday, January 22nd. Citigroup reiterated a “buy” rating on shares of Sohu.com in a research report on Monday, November 17th. Wall Street Zen raised shares of Sohu.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Sohu.com from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Sohu.com has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Get Our Latest Research Report on Sohu.com

Sohu.com Price Performance

The stock has a market cap of $484.13 million, a P/E ratio of 1.14 and a beta of 0.46. The stock has a 50-day simple moving average of $16.44 and a 200-day simple moving average of $15.67.

Institutional Trading of Sohu.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Sohu.com by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,197 shares of the information services provider’s stock valued at $674,000 after purchasing an additional 9,168 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Sohu.com by 143.7% in 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 buying an additional 19,681 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Sohu.com by 271.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,896 shares of the information services provider’s stock valued at $185,000 after buying an additional 10,155 shares during the last quarter. American Century Companies Inc. boosted its position in Sohu.com by 53.7% during the 2nd quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider’s stock worth $1,343,000 after buying an additional 35,256 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Sohu.com by 62.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,972 shares of the information services provider’s stock worth $810,000 after acquiring an additional 23,903 shares during the last quarter. Institutional investors own 33.02% of the company’s stock.

About Sohu.com

(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.

Further Reading

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.