Sohu.com (NASDAQ:SOHU) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Sohu.com (NASDAQ:SOHU) from a hold rating to a buy rating in a research note published on Wednesday morning.

Sohu.com Price Performance

Shares of SOHU opened at $12.17 on Wednesday. The firm has a market capitalization of $393.74 million, a PE ratio of -4.33 and a beta of 1.19. The company’s 50-day moving average is $14.89 and its 200-day moving average is $14.13. Sohu.com has a fifty-two week low of $7.80 and a fifty-two week high of $17.24.

Hedge Funds Weigh In On Sohu.com

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Sohu.com during the second quarter worth about $36,000. BNP Paribas Financial Markets increased its position in 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 acquiring an additional 1,000 shares during the period. Blue Trust Inc. increased its position in Sohu.com by 1,973.0% during the second quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after acquiring an additional 3,867 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Sohu.com during the third quarter worth about $312,000. Finally, Russell Investments Group Ltd. increased its position in 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 acquiring an additional 7,363 shares during the period. 33.02% of the stock is owned by institutional investors.

Sohu.com Company Profile

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.