Sohu.com (NASDAQ:SOHU) Upgraded at StockNews.com

Sohu.com (NASDAQ:SOHU) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Sohu.com Stock Down 6.6 %

Shares of SOHU stock traded down $0.86 during mid-day trading on Wednesday, reaching $12.17. The stock had a trading volume of 285,105 shares, compared to its average volume of 69,111. The firm’s 50 day simple moving average is $14.89 and its 200 day simple moving average is $14.13. Sohu.com has a one year low of $7.80 and a one year high of $17.24. The firm has a market cap of $393.74 million, a PE ratio of -4.33 and a beta of 1.19.

Institutional Investors Weigh In On Sohu.com

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in Sohu.com by 46.5% in the first quarter. BNP Paribas Financial Markets now owns 3,152 shares of the information services provider’s stock valued at $33,000 after buying an additional 1,000 shares during the period. Headlands Technologies LLC purchased a new position in shares of Sohu.com in the second quarter worth about $36,000. Blue Trust Inc. boosted its stake in Sohu.com by 1,973.0% in the 2nd quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after purchasing an additional 3,867 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Sohu.com in the third quarter worth $312,000. Finally, Russell Investments Group Ltd. increased its position in shares of Sohu.com by 31.1% in the first quarter. Russell Investments Group Ltd. now owns 31,074 shares of the information services provider’s stock worth $328,000 after purchasing an additional 7,363 shares during the last quarter. Institutional investors and hedge funds own 33.02% of the company’s stock.

Sohu.com Company Profile

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.