Sohu.com Inc. (SOHU) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “Sohu.com's business has been impacted by sluggish macroeconomic conditions in China. Specifically, its brand advertising business has remained sluggish because of the lower spending levels. Furthermore, the company has been cutting down its spending levels, which will make market share gain more difficult in the near term due to stiffening competition from peers. Nonetheless, the company’s strength in search and mobile businesses is a positive. The online video business also has some decent growth potential.”
SOHU has been the topic of several other research reports. Deutsche Bank AG started coverage on Sohu.com in a research note on Friday, September 9th. They issued a buy rating and a $53.30 price objective on the stock. Brean Capital reiterated a hold rating on shares of Sohu.com in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reiterated an underweight rating and issued a $40.00 price objective on shares of Sohu.com in a research note on Wednesday, August 31st. TheStreet downgraded Sohu.com from a hold rating to a sell rating in a research note on Tuesday, August 2nd. Finally, Citigroup Inc. downgraded Sohu.com from a buy rating to a neutral rating in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Sohu.com presently has an average rating of Hold and a consensus target price of $53.76.
Shares of Sohu.com (NASDAQ:SOHU) opened at 43.40 on Tuesday. The firm has a 50 day moving average price of $40.61 and a 200-day moving average price of $42.38. Sohu.com has a one year low of $35.65 and a one year high of $59.50. The firm’s market cap is $1.68 billion.
Sohu.com (NASDAQ:SOHU) last announced its earnings results on Monday, August 1st. The company reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.37) by $0.25. Sohu.com had a negative return on equity of 3.65% and a negative net margin of 3.45%. The business earned $420 million during the quarter, compared to analysts’ expectations of $439.64 million. During the same quarter in the previous year, the firm earned ($0.37) EPS. Sohu.com’s quarterly revenue was down 14.9% on a year-over-year basis. Analysts forecast that Sohu.com will post ($6.60) earnings per share for the current year.
A number of large investors have recently modified their holdings of SOHU. Acrospire Investment Management LLC boosted its stake in shares of Sohu.com by 107.7% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $102,000 after buying an additional 1,400 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Sohu.com by 248.9% in the second quarter. Royal Bank of Canada now owns 3,049 shares of the company’s stock worth $116,000 after buying an additional 2,175 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Sohu.com during the second quarter worth about $250,000. Pacad Investment Ltd. boosted its stake in shares of Sohu.com by 14.8% in the first quarter. Pacad Investment Ltd. now owns 6,059 shares of the company’s stock worth $300,000 after buying an additional 780 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its stake in shares of Sohu.com by 83.4% in the second quarter. Nomura Holdings Inc. now owns 8,987 shares of the company’s stock worth $337,000 after buying an additional 4,087 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.
Sohu.com Inc (Sohu) is an online media, search and game service company providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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