Sohu.com (NASDAQ:SOHU) Share Price Passes Above 200-Day Moving Average of $9.36

Sohu.com Limited (NASDAQ:SOHU)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.36 and traded as high as $10.80. Sohu.com shares last traded at $10.75, with a volume of 43,221 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Sohu.com from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

Sohu.com Trading Up 1.7 %

The business’s 50 day moving average price is $9.78 and its two-hundred day moving average price is $9.36. The company has a market capitalization of $362.71 million, a price-to-earnings ratio of -12.08 and a beta of 1.37.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, March 4th. The information services provider reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.13. Sohu.com had a negative net margin of 5.06% and a negative return on equity of 4.88%. The company had revenue of $141.36 million for the quarter, compared to the consensus estimate of $159.62 million. Analysts expect that Sohu.com Limited will post -1.28 EPS for the current year.

Institutional Investors Weigh In On Sohu.com

Several hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in shares of Sohu.com by 1.0% in the 2nd quarter. Sei Investments Co. now owns 104,887 shares of the information services provider’s stock valued at $1,156,000 after acquiring an additional 1,054 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Sohu.com by 16.3% in the 1st quarter. American Century Companies Inc. now owns 12,428 shares of the information services provider’s stock valued at $209,000 after acquiring an additional 1,740 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Sohu.com in the 1st quarter valued at $30,000. Mercer Global Advisors Inc. ADV grew its position in Sohu.com by 17.9% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 14,488 shares of the information services provider’s stock valued at $213,000 after purchasing an additional 2,199 shares during the period. Finally, Osaic Holdings Inc. grew its position in Sohu.com by 15,023.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,176 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 3,155 shares during the period. 33.02% of the stock is currently owned by institutional investors and hedge funds.

About Sohu.com

Sohu.com Limited provides online media, video, and game products and services on PCs and mobile devices in China. 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.