Sohu.com (NASDAQ:SOHU) Posts Quarterly Earnings Results

Sohu.com (NASDAQ:SOHU) posted its earnings results on Monday. The information services provider reported $0.32 earnings per share for the quarter, RTT News reports. Sohu.com had a negative return on equity of 6.37% and a net margin of 22.70%.The business had revenue of $180.16 million for the quarter. During the same period in the previous year, the firm posted ($0.52) earnings per share.

Sohu.com Price Performance

Shares of NASDAQ:SOHU opened at $15.25 on Wednesday. The company has a market capitalization of $458.49 million, a P/E ratio of 3.66 and a beta of 0.34. The business’s 50 day simple moving average is $15.11 and its 200 day simple moving average is $13.90. Sohu.com has a 1 year low of $7.79 and a 1 year high of $16.45.

Analysts Set New Price Targets

SOHU has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of Sohu.com from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup reiterated a “buy” rating on shares of Sohu.com in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sohu.com in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sohu.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Sohu.com by 75.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock worth $27,000 after purchasing an additional 860 shares during the period. Headlands Technologies LLC raised its position in shares of Sohu.com by 369.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,587 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Sohu.com by 180.2% during the 2nd quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock worth $58,000 after acquiring an additional 2,819 shares during the period. Numerai GP LLC acquired a new stake in shares of Sohu.com during the 3rd quarter worth approximately $175,000. Finally, JPMorgan Chase & Co. increased its stake in Sohu.com by 271.5% in the second quarter. JPMorgan Chase & Co. now owns 13,896 shares of the information services provider’s stock valued at $185,000 after acquiring an additional 10,155 shares during the last quarter. Institutional investors 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.