Sohu.com Inc. (NASDAQ:SOHU) released its quarterly earnings results on Monday, July 31st. The information services provider reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.73) by $0.12, MarketWatch Earnings reports. The company had revenue of $461.20 million for the quarter, compared to the consensus estimate of $456.10 million. Sohu.com had a negative return on equity of 19.12% and a negative net margin of 17.93%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted ($1.61) EPS. Sohu.com updated its Q3 guidance to ($1.25)-($1.00) EPS.
Sohu.com (NASDAQ SOHU) opened at 53.41 on Friday. Sohu.com has a one year low of $32.60 and a one year high of $58.98. The stock has a 50 day moving average price of $50.36 and a 200-day moving average price of $43.99. The firm’s market capitalization is $2.08 billion.
SOHU has been the subject of several recent analyst reports. HSBC Holdings plc downgraded Sohu.com from a “buy” rating to a “hold” rating and upped their price target for the stock from $48.00 to $57.00 in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine upgraded Sohu.com from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub cut Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley raised Sohu.com from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $36.00 to $60.00 in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.58.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Sohu.com during the fourth quarter worth $15,413,000. Renaissance Technologies LLC increased its stake in Sohu.com by 19.2% in the second quarter. Renaissance Technologies LLC now owns 2,398,900 shares of the information services provider’s stock worth $108,094,000 after buying an additional 385,900 shares during the last quarter. Public Sector Pension investment Board acquired a new stake in Sohu.com during the second quarter worth $15,771,000. Baillie Gifford & Co. increased its stake in Sohu.com by 49.3% in the first quarter. Baillie Gifford & Co. now owns 827,816 shares of the information services provider’s stock worth $32,558,000 after buying an additional 273,405 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Sohu.com by 523.5% in the first quarter. Dimensional Fund Advisors LP now owns 268,275 shares of the information services provider’s stock worth $10,559,000 after buying an additional 225,246 shares during the last quarter. Institutional investors own 63.39% of the company’s stock.
Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in 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.
Receive News & Ratings for Sohu.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sohu.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.