What Next for Sohu.com Inc Stock After Today’s Bullish Options Activity?

 What Next for Sohu.com Inc Stock After Today's Bullish Options Activity?

In today’s session Sohu.com Inc (SOHU) registered an unusually high (789) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SOHU increase. With 789 contracts traded and 1884 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SOHU161021C00047500 closed last at: $0.5 or 11.1% up. About 14,304 shares traded hands. Sohu.com Inc (NASDAQ:SOHU) has declined 1.02% since March 3, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.

Analysts await Sohu.com Inc (NASDAQ:SOHU) to report earnings on October, 24. They expect $2.47 earnings per share, up 147.00% or $1.47 from last year’s $1 per share. SOHU’s profit will be $95.84M for 4.46 P/E if the $2.47 EPS becomes a reality. After $-1.64 actual earnings per share 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. The firm has “Sell” rating by Goldman Sachs given on Monday, November 30. The rating was downgraded by Citigroup on Friday, July 22 to “Neutral”. The firm has “Underweight” rating given on Wednesday, August 31 by JP Morgan. The rating was maintained by Macquarie Research on Monday, October 19 with “Neutral”.

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 Q2 2016. Its up 0.32, from 0.82 in 2016Q1. The ratio improved, 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.
Pine River Capital Mngmt Limited Partnership accumulated 0.02% or 42,000 shares. Amp Cap Invsts Limited has 6,600 shares for 0% of their US portfolio. Hsbc Public Limited Com holds 0.05% or 501,298 shares in its portfolio. Grantham Mayo Van Otterloo And Ltd Liability Corporation reported 429,026 shares or 0.07% of all its holdings. Wolverine Asset Management Lc, a Illinois-based fund reported 1,140 shares. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Sohu.com Inc (NASDAQ:SOHU) for 7,106 shares. Renaissance Technologies Ltd Company has invested 0.12% of its portfolio in Sohu.com Inc (NASDAQ:SOHU). X Mgmt Ltd Llc owns 9,507 shares or 0.02% of their US portfolio. Pnc Grp Incorporated reported 73 shares or 0% of all its holdings. California Public Employees Retirement Sys, a California-based fund reported 93,900 shares. Moreover, Princeton Alpha Management Lp has 0.09% invested in Sohu.com Inc (NASDAQ:SOHU) for 12,854 shares. Natl Bank Of America Corporation De last reported 310,392 shares in the company. Blackrock Japan Co Limited has 0% invested in the company for 11,159 shares. The Georgia-based Invesco has invested 0.01% in Sohu.com Inc (NASDAQ:SOHU). Moreover, Wells Fargo And Mn has 0% invested in Sohu.com Inc (NASDAQ:SOHU) for 1,950 shares.

Sohu.com Inc. 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 company has a market cap of $1.71 billion. The Firm operates through three divisions: the Sohu segment; the Sogou segment, and the Changyou segment. It currently has negative earnings. Sogou is an online search, client software and mobile Internet product well-known provider in China.

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.

More notable recent Sohu.com Inc (NASDAQ:SOHU) news were published by: Fool.com which released: “Sohu.com Inc. Earnings: Search Isn’t Enough” on February 03, 2016, also Fool.com with their article: “Sohu.com Inc. Earnings: We’re Going the Wrong Way” published on April 25, 2016, Benzinga.com published: “Uncovering Opportunity In Sohu.com” on September 29, 2016. More interesting news about Sohu.com Inc (NASDAQ:SOHU) were released by: Seekingalpha.com and their article: “SOHU.com Is Undervalued By Almost Any Calculation” published on August 31, 2016 as well as Benzinga.com‘s news article titled: “JPMorgan Sees Sohu.com Gaming Revenue Falling 38% In 2016” with publication date: August 31, 2016.

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.

Related posts

Leave a Comment