Sohu.com (SOHU) Hits New 12-Month Low at $16.20

Shares of Sohu.com Ltd – (NASDAQ:SOHU) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.20 and last traded at $16.79, with a volume of 14421 shares changing hands. The stock had previously closed at $17.08.

Several analysts have recently issued reports on SOHU shares. ValuEngine cut shares of Sohu.com from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. BidaskClub upgraded shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Sohu.com has an average rating of “Hold” and a consensus target price of $57.00.

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $773.67 million, a PE ratio of -1.91 and a beta of 0.88.

Sohu.com (NASDAQ:SOHU) last announced its earnings results on Monday, July 30th. The information services provider reported ($1.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.50) by $0.23. The firm had revenue of $486.01 million for the quarter, compared to analysts’ expectations of $506.79 million. Sohu.com had a negative net margin of 27.38% and a negative return on equity of 19.39%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.85) EPS. As a group, analysts forecast that Sohu.com Ltd – will post -6.18 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in SOHU. Tower Research Capital LLC TRC purchased a new stake in Sohu.com in the 2nd quarter worth about $135,000. Koch Industries Inc. raised its position in Sohu.com by 28.2% in the 1st quarter. Koch Industries Inc. now owns 10,388 shares of the information services provider’s stock worth $321,000 after purchasing an additional 2,286 shares during the period. Global X Management Co LLC raised its position in Sohu.com by 52.4% in the 2nd quarter. Global X Management Co LLC now owns 9,217 shares of the information services provider’s stock worth $327,000 after purchasing an additional 3,169 shares during the period. Element Capital Management LLC purchased a new stake in Sohu.com in the 1st quarter worth about $335,000. Finally, Verition Fund Management LLC raised its position in Sohu.com by 224.7% in the 1st quarter. Verition Fund Management LLC now owns 20,798 shares of the information services provider’s stock worth $643,000 after purchasing an additional 14,392 shares during the period. Hedge funds and other institutional investors own 63.83% of the company’s stock.

About Sohu.com (NASDAQ:SOHU)

Sohu.com Inc provides online media, search, and game services on personal computers (PCs), mobile devices, and tablets in the People's Republic of China. The company operates sohu.com, which provides online news and information; Sohu News APP, a mobile phone application, as well as m.sohu.com mobile portal; tv.sohu.com that offers online video content and service, as well as Sohu Video APP, a mobile phone application; and focus.cn, which provides online real estate information and services.

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