Sohu.com (NASDAQ:SOHU) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Sohu.com Limited (NASDAQ:SOHU) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.83 and traded as high as $14.47. Sohu.com shares last traded at $14.47, with a volume of 79,495 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sohu.com from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

Sohu.com Stock Up 0.1 %

The firm has a market cap of $478.23 million, a PE ratio of -8.72 and a beta of 1.18. The stock has a 50 day moving average price of $15.39 and a two-hundred day moving average price of $13.83.

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

Institutional Investors Weigh In On Sohu.com

A number of institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP lifted 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 worth $512,000 after purchasing an additional 1,914 shares during the period. Russell Investments Group Ltd. lifted 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 worth $328,000 after purchasing an additional 7,363 shares during the period. Blue Trust Inc. lifted its holdings in shares of Sohu.com by 213.3% during the third quarter. Blue Trust Inc. now owns 12,730 shares of the information services provider’s stock worth $200,000 after purchasing an additional 8,667 shares during the period. BNP Paribas Financial Markets lifted 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 worth $33,000 after purchasing an additional 1,000 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Sohu.com during the second quarter worth about $36,000. 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.