Sohu.com (SOHU) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Sohu.com (NASDAQ:SOHU) from a sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “Sohu’s first-quarter 2019 loss narrowed on a year-over-year basis owing to the company’s cost-saving initiatives. The company’s top-line exceeded the guided range due to strong performance of its search and game businesses. Additionally, Sohu improved content on its Media Portal platform by strengthening partnerships with quality content providers. This is expected to improve user engagement levels. Moreover, Sogou’s search and mobile keyboard witnessed healthy growth by using its artificial intelligence (AI) technology. However, seasonality and sluggish macroeconomic conditions in China negatively impacted ad revenues in the reported quarter. Moreover, decline in video and portal advertising revenues negatively impacted brand advertising revenues. Notably, shares have underperformed the industry over the past year.”

SOHU has been the subject of several other reports. BidaskClub cut shares of Sohu.com from a strong-buy rating to a buy rating in a report on Friday, February 15th. ValuEngine raised shares of Sohu.com from a sell rating to a hold rating in a report on Tuesday, April 30th.

Sohu.com stock traded down $1.46 during trading hours on Friday, hitting $15.89. The stock had a trading volume of 413,873 shares, compared to its average volume of 454,921. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $675.21 million, a PE ratio of -3.85 and a beta of 1.26. Sohu.com has a 12-month low of $14.90 and a 12-month high of $42.12.

Sohu.com (NASDAQ:SOHU) last issued its earnings results on Monday, April 29th. The information services provider reported ($1.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.51) by $0.07. The business had revenue of $431.38 million during the quarter, compared to analysts’ expectations of $404.96 million. Sohu.com had a negative net margin of 6.65% and a negative return on equity of 8.07%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.39) earnings per share. As a group, equities research analysts forecast that Sohu.com will post -5.17 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Sohu.com by 7.6% in the first quarter. Renaissance Technologies LLC now owns 1,890,049 shares of the information services provider’s stock worth $31,337,000 after acquiring an additional 133,549 shares during the period. Vanguard Group Inc. grew its stake in shares of Sohu.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 1,037,386 shares of the information services provider’s stock worth $20,623,000 after acquiring an additional 43,260 shares during the period. Vanguard Group Inc grew its stake in shares of Sohu.com by 4.4% in the third quarter. Vanguard Group Inc now owns 1,037,386 shares of the information services provider’s stock worth $20,623,000 after acquiring an additional 43,260 shares during the period. Hillhouse Capital Advisors Ltd. bought a new stake in shares of Sohu.com in the fourth quarter worth approximately $13,971,000. Finally, Norges Bank bought a new stake in shares of Sohu.com in the fourth quarter worth approximately $9,830,000. Hedge funds and other institutional investors own 58.88% of the company’s stock.

About Sohu.com

Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.

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