The stock of Sohu.com Inc (NASDAQ:SOHU) hit a new 52-week low and has $33.56 target or 5.00% below today’s $35.33 share price. The 6 months bearish chart indicates high risk for the $1.35B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $33.56 price target is reached, the company will be worth $67.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 60,235 shares traded hands. Sohu.com Inc (NASDAQ:SOHU) has declined 26.04% since April 7, 2016 and is downtrending. It has underperformed by 30.83% the S&P500.
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. Citigroup downgraded the shares of SOHU in a report on Friday, July 22 to “Neutral” rating. The company was downgraded on Monday, November 30 by Goldman Sachs. The company was reinitiated on Wednesday, August 31 by JP Morgan. The firm has “Neutral” rating given on Monday, October 19 by Macquarie Research.
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 increased, 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.
Millennium Management Ltd Limited Liability Company accumulated 0.01% or 156,217 shares. Northcoast Asset Mngmt Ltd has 0.04% invested in the company for 16,103 shares. Strs Ohio reported 160,000 shares or 0.03% of all its holdings. Peak6 Limited Partnership holds 0.02% or 53,508 shares in its portfolio. Kcg Holdings holds 6,903 shares or 0.01% of its portfolio. Arrowstreet Cap Lp holds 0.02% of its portfolio in Sohu.com Inc (NASDAQ:SOHU) for 195,069 shares. Pine River Cap Lp has 0.02% invested in the company for 42,000 shares. Blackrock Japan holds 11,159 shares or 0% of its portfolio. Northern Tru Corporation has 59,349 shares for 0% of their US portfolio. Hsbc Pcl has 0.05% invested in the company for 501,298 shares. Blackrock Institutional Tru Na accumulated 424,394 shares or 0% of the stock. Lucus Advsrs Ltd Limited Liability Company accumulated 0.28% or 9,133 shares. Gam Holdg Ag reported 20,000 shares or 0.01% of all its holdings. Parametric Assocs Ltd Llc accumulated 70,137 shares or 0% of the stock. The United Kingdom-based Baillie Gifford has invested 0.03% in Sohu.com Inc (NASDAQ:SOHU).
More notable recent Sohu.com Inc (NASDAQ:SOHU) news were published by: Prnewswire.com which released: “Sohu.com Reports Third Quarter 2016 Unaudited Financial Results” on October 24, 2016, also Prnewswire.com with their article: “Sohu.com to Report Third Quarter 2016 Financial Results on October 24, 2016” published on October 11, 2016, Fool.com published: “Sohu.com Inc. Earnings: Search Isn’t Enough” on February 03, 2016. More interesting news about Sohu.com Inc (NASDAQ:SOHU) were released by: Fool.com and their article: “Sohu.com Inc. Earnings: We’re Going the Wrong Way” published on April 25, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Sohu.com Inc, 27.3% Follow-Through Indicator, 4.2 …” with publication date: October 24, 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.
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