Brean Capital reiterated their hold rating on shares of Sohu.com Inc. (NASDAQ:SOHU) in a research report sent to investors on Tuesday morning.
Separately, Zacks Investment Research upgraded Sohu.com from a sell rating to a hold rating in a research note on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Sohu.com currently has a consensus rating of Hold and a consensus price target of $45.10.
Shares of Sohu.com (NASDAQ:SOHU) traded up 0.086% on Tuesday, hitting $40.845. The stock had a trading volume of 32,565 shares. The stock’s market cap is $1.58 billion. The firm has a 50 day moving average of $37.04 and a 200 day moving average of $38.96. Sohu.com has a 12 month low of $32.60 and a 12 month high of $53.40.
In other news, CEO Charles Zhang purchased 16,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were bought at an average price of $35.60 per share, with a total value of $569,600.00. Following the completion of the transaction, the chief executive officer now directly owns 701,607 shares in the company, valued at approximately $24,977,209.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have acquired 48,000 shares of company stock worth $1,644,800. 21.37% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its position in Sohu.com by 5.6% in the third quarter. Penserra Capital Management LLC now owns 5,052 shares of the company’s stock valued at $223,000 after buying an additional 266 shares during the period. Engineers Gate Manager LP raised its position in Sohu.com by 4.4% in the second quarter. Engineers Gate Manager LP now owns 11,700 shares of the company’s stock worth $443,000 after buying an additional 492 shares during the last quarter. Global X Management Co. LLC raised its position in Sohu.com by 5.9% in the third quarter. Global X Management Co. LLC now owns 10,065 shares of the company’s stock worth $445,000 after buying an additional 558 shares during the last quarter. Wells Fargo & Company MN raised its position in Sohu.com by 78.2% in the third quarter. Wells Fargo & Company MN now owns 3,475 shares of the company’s stock worth $153,000 after buying an additional 1,525 shares during the last quarter. Finally, Paloma Partners Management Co raised its position in Sohu.com by 8.5% in the second quarter. Paloma Partners Management Co now owns 22,978 shares of the company’s stock worth $870,000 after buying an additional 1,792 shares during the last quarter. 64.44% of the stock is currently owned by institutional investors.
Sohu.com Company Profile
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.