Sohu.com (NASDAQ:SOHU) Shares Down 3.7% – Here’s Why

Shares of Sohu.com Limited (NASDAQ:SOHU) fell 3.7% during mid-day trading on Monday . The company traded as low as $15.14 and last traded at $15.16. 47,755 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 65,415 shares. The stock had previously closed at $15.75.

Wall Street Analyst Weigh In

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 Down 5.2 %

The stock’s 50-day moving average price is $15.46 and its two-hundred day moving average price is $13.68. The stock has a market capitalization of $493.44 million, a P/E ratio of -8.99 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Sohu.com in the 2nd quarter worth approximately $36,000. Blue Trust Inc. boosted its holdings in Sohu.com by 1,973.0% in 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. boosted its holdings in 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 worth $328,000 after buying an additional 7,363 shares during the period. GSA Capital Partners LLP lifted its stake in 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 worth $512,000 after purchasing an additional 1,914 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in 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 worth $33,000 after purchasing an additional 1,000 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.