Notable Price Action: What’s Propelling Sohu.com Inc to Decline So Much?

Notable Price Action: What's Propelling Sohu.com Inc to Decline So Much?

The stock of Sohu.com Inc (NASDAQ:SOHU) is a huge mover today! The stock decreased 2.12% or $0.96 during the last trading session, hitting $44.25. About 155,971 shares traded hands. Sohu.com Inc (NASDAQ:SOHU) has risen 1.79% since February 29, 2016 and is uptrending. It has underperformed by 8.63% the S&P500.
The move comes after 9 months negative chart setup for the $1.77B company. It was reported on Oct, 1 by Barchart.com. We have $42.04 PT which if reached, will make NASDAQ:SOHU worth $88.50 million less.

Analysts await Sohu.com Inc (NASDAQ:SOHU) to report earnings on October, 24. They expect $2.47 EPS, up 147.00% or $1.47 from last year’s $1 per share. SOHU’s profit will be $98.80 million for 4.48 P/E if the $2.47 EPS becomes a reality. After $-1.64 actual EPS reported by Sohu.com Inc for the previous quarter, Wall Street now forecasts -250.61% EPS growth.

Sohu.com Inc (NASDAQ:SOHU) Ratings Coverage

Out of 5 analysts covering Sohu.com Inc. (NASDAQ:SOHU), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Sohu.com Inc. has been the topic of 5 analyst reports since October 8, 2015 according to StockzIntelligence Inc. JP Morgan reinitiated the stock with “Underweight” rating in Wednesday, August 31 report. Goldman Sachs downgraded the stock to “Sell” rating in Monday, November 30 report. The stock has “Neutral” rating given by Citigroup on Friday, July 22. Macquarie Research maintained the stock with “Neutral” rating in Monday, October 19 report.

According to Zacks Investment Research, “Sohu.com Inc. is a leading Internet portal in China in terms of brand recognition, page views and registered users. The company’s portal consists of the following: Chinese language Web navigational and search capabilities, twelve main content channels, Web-based communications and community services, and a platform for e-commerce services. The company is well positioned to capitalize on the emergence of the Web as a new advertising medium and commerce platform in China.”

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.32, from 0.82 in 2016Q1. The ratio is positive, as 15 funds sold all Sohu.com Inc shares owned while 29 reduced positions. 12 funds bought stakes while 38 increased positions. They now own 16.63 million shares or 12.01% less from 18.90 million shares in 2016Q1.
Eqis Mngmt accumulated 6,036 shares or 0.02% of the stock. Parametric Port Limited Company owns 70,137 shares or 0% of their US portfolio. Morgan Stanley holds 345,266 shares or 0% of its portfolio. Pacad Ltd holds 300 shares or 0% of its portfolio. Moreover, Connor Clark Lunn Investment Management Ltd has 0% invested in Sohu.com Inc (NASDAQ:SOHU) for 12,300 shares. Schroder Inv Gp reported 161,900 shares or 0.01% of all its holdings. First Tru Advsr Ltd Partnership holds 0.01% of its portfolio in Sohu.com Inc (NASDAQ:SOHU) for 44,113 shares. Renaissance Limited Liability Com has 1.65 million shares for 0.12% of their US portfolio. Citigroup has invested 0% of its portfolio in Sohu.com Inc (NASDAQ:SOHU). Tci Wealth has invested 0% of its portfolio in Sohu.com Inc (NASDAQ:SOHU). Moreover, Strs Ohio has 0.03% invested in Sohu.com Inc (NASDAQ:SOHU) for 160,000 shares. The Illinois-based Css Ltd Liability Il has invested 0.12% in Sohu.com Inc (NASDAQ:SOHU). National Bank Of America De holds 0% or 310,392 shares in its portfolio. Blackrock Japan holds 0% of its portfolio in Sohu.com Inc (NASDAQ:SOHU) for 11,159 shares. D E Shaw And Inc has invested 0.02% of its portfolio in Sohu.com Inc (NASDAQ:SOHU).

More notable recent Sohu.com Inc (NASDAQ:SOHU) news were published by: Benzinga.com which released: “Uncovering Opportunity In Sohu.com” on September 29, 2016, also Fool.com with their article: “Sohu.com Inc. Earnings: We’re Going the Wrong Way” published on April 25, 2016, Seekingalpha.com published: “SOHU.com Is Undervalued By Almost Any Calculation” on August 31, 2016. More interesting news about Sohu.com Inc (NASDAQ:SOHU) were released by: Benzinga.com and their article: “JPMorgan Sees Sohu.com Gaming Revenue Falling 38% In 2016” published on August 31, 2016 as well as Bloomberg.com‘s news article titled: “Stock Options at 0.1 Cent? China’s Sohu.com Grants Unusual Bonus” with publication date: May 11, 2016.

SOHU Company Profile

Sohu.com Inc. (Sohu), incorporated on August 2, 1996, is an online media, search and game service firm providing online services and products on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Firm operates through three divisions: the Sohu segment; the Sogou segment, and the Changyou segment. Sogou is an online search, client software and mobile Internet product well-known provider in China. Changyou is an online game developer and operator in China as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional (TLBB 3D), and engages primarily in the development, operation and licensing of online games for PCs and mobile devices.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment