Sohu.com (NASDAQ:SOHU) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Sohu.com Limited (NASDAQ:SOHU) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.11 and traded as high as $14.55. Sohu.com shares last traded at $14.46, with a volume of 47,123 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sohu.com from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Sohu.com Trading Up 1.9 %

The firm’s fifty day moving average price is $13.11 and its 200-day moving average price is $14.11. The company has a market cap of $467.78 million, a price-to-earnings ratio of -5.15 and a beta of 1.13.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Tuesday, November 12th. The information services provider reported ($0.39) EPS for the quarter. The company had revenue of $151.99 million for the quarter. Sohu.com had a negative return on equity of 7.67% and a negative net margin of 15.14%.

Hedge Funds Weigh In On Sohu.com

Several hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in Sohu.com by 63.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider’s stock valued at $3,972,000 after buying an additional 116,746 shares during the last quarter. FMR LLC acquired a new stake in shares of Sohu.com in the third quarter valued at about $3,774,000. Bank of Montreal Can bought a new stake in Sohu.com during the third quarter worth about $2,357,000. Public Employees Retirement System of Ohio acquired a new position in Sohu.com during the third quarter valued at approximately $1,350,000. Finally, E Fund Management Co. Ltd. grew its stake in Sohu.com by 129.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 45,559 shares of the information services provider’s stock valued at $600,000 after purchasing an additional 25,721 shares in the last quarter. 33.02% of the stock is owned by institutional investors.

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.