Sohu.com (NASDAQ:SOHU) Posts Quarterly Earnings Results
Sohu.com (NASDAQ:SOHU) announced its quarterly earnings with $0.32 EPS, a net margin of 22.70%, and a negative return on equity of 6.37%. Last year, the EPS was ($0.52). The stock opened at $14.32, with a 52-week range of $7.79 to $16.45. Analysts have given a Moderate Buy rating with a $20.00 target price. Institutional investors have increased their stakes in the company.
Sohu.com (NASDAQ:SOHU - Get Free Report) released its earnings results on Monday. The information services provider reported $0.32 EPS for the quarter, RTT News reports. Sohu.com had a net margin of 22.70% and a negative return on equity of 6.37%. During the same quarter last year, the company posted ($0.52) EPS.
Sohu.com Stock Performance
NASDAQ SOHU opened at $14.32 on Monday. Sohu.com has a fifty-two week low of $7.79 and a fifty-two week high of $16.45. The stock has a market cap of $430.53 million, a P/E ratio of 3.43 and a beta of 0.34. The stock has a 50 day simple moving average of $15.14 and a two-hundred day simple moving average of $13.84.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Citigroup restated a "buy" rating and set a $20.00 target price (up from $17.00) on shares of Sohu.com in a report on Monday, August 4th. Weiss Ratings restated a "hold (c)" rating on shares of Sohu.com in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.00.
Get Our Latest Research Report on Sohu.com
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in shares of Sohu.com by 502.9% during the 3rd quarter. UBS Group AG now owns 162,315 shares of the information services provider's stock valued at $2,537,000 after purchasing an additional 135,394 shares in the last quarter. American Century Companies Inc. boosted its position in Sohu.com by 53.7% during the 2nd quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider's stock valued at $1,343,000 after acquiring an additional 35,256 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Sohu.com by 62.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,972 shares of the information services provider's stock worth $810,000 after acquiring an additional 23,903 shares during the period. BNP Paribas Financial Markets raised its position in shares of Sohu.com by 64.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 33,351 shares of the information services provider's stock worth $444,000 after acquiring an additional 13,020 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sohu.com by 271.5% during the second quarter. JPMorgan Chase & Co. now owns 13,896 shares of the information services provider's stock valued at $185,000 after purchasing an additional 10,155 shares in the last quarter. 33.02% of the stock is currently owned by institutional investors.
About Sohu.com
(Get Free Report)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.
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