Sohu.com (NASDAQ:SOHU) Reaches New 1-Year High at $16.65

Sohu.com Limited (NASDAQ:SOHU)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $16.65 and last traded at $16.38, with a volume of 460703 shares. The stock had previously closed at $15.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Sohu.com Trading Up 5.7 %

The stock has a market capitalization of $541.36 million, a price-to-earnings ratio of -14.68 and a beta of 1.18. The stock’s 50 day moving average is $15.20 and its 200 day moving average is $13.32.

Sohu.com (NASDAQ:SOHU) last released its earnings results on Monday, August 5th. The information services provider reported ($1.04) earnings per share (EPS) for the quarter. The company had revenue of $172.33 million during the quarter. Sohu.com had a negative return on equity of 7.34% and a negative net margin of 9.00%.

Institutional Trading of Sohu.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Sohu.com during the second quarter valued at $36,000. Blue Trust Inc. raised its holdings in Sohu.com by 1,973.0% during the 2nd quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after buying an additional 3,867 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Sohu.com by 31.1% in the 1st 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. GSA Capital Partners LLP increased its holdings in shares of Sohu.com by 4.1% in the 1st 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, BNP Paribas Financial Markets grew its stake in shares of Sohu.com by 46.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock valued at $33,000 after buying an additional 1,000 shares in the last quarter. Institutional investors 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.