Sohu.com Limited (NASDAQ:SOHU – Get Rating) shares were down 5.1% during mid-day trading on Tuesday . The stock traded as low as $16.55 and last traded at $16.55. Approximately 4,065 shares traded hands during trading, a decline of 99% from the average daily volume of 381,786 shares. The stock had previously closed at $17.44.
Separately, StockNews.com started coverage on Sohu.com in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $25.00.
The firm has a market cap of $646.58 million, a PE ratio of 0.74 and a beta of 1.84. The business has a fifty day moving average price of $17.56 and a 200 day moving average price of $18.05.
A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Sohu.com by 6.7% during the 3rd quarter. American Century Companies Inc. now owns 10,688 shares of the information services provider’s stock worth $223,000 after buying an additional 669 shares during the last quarter. California Public Employees Retirement System lifted its position in Sohu.com by 2.0% during the 4th quarter. California Public Employees Retirement System now owns 61,914 shares of the information services provider’s stock worth $1,008,000 after acquiring an additional 1,192 shares during the period. Nuveen Asset Management LLC lifted its position in Sohu.com by 4.0% during the 4th quarter. Nuveen Asset Management LLC now owns 31,241 shares of the information services provider’s stock worth $509,000 after acquiring an additional 1,200 shares during the period. UBS Group AG lifted its position in Sohu.com by 9.1% during the 3rd quarter. UBS Group AG now owns 14,899 shares of the information services provider’s stock worth $311,000 after acquiring an additional 1,247 shares during the period. Finally, Wells Fargo & Company MN acquired a new stake in Sohu.com during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 37.94% of the company’s stock.
About Sohu.com (NASDAQ:SOHU)
Sohu.com Limited provides online media, game, and search products and services on PCs and mobile devices in China. The company provides online news and information through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video contents and services through mobile phone application Sohu Video APP and tv.sohu.com, and ifox, a PC video application.
- Get a free copy of the StockNews.com research report on Sohu.com (SOHU)
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