Deutsche Bank AG Downgrades Sohu.com Inc. (SOHU) to Hold

Sohu.com Inc. (NASDAQ:SOHU) was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other equities research analysts have also commented on SOHU. Zacks Investment Research upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Morgan Stanley upgraded shares of Sohu.com from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $36.00 to $60.00 in a report on Tuesday, August 1st. TheStreet upgraded shares of Sohu.com from a “d+” rating to a “c-” rating in a report on Friday, August 18th. Finally, ValuEngine upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Sohu.com presently has an average rating of “Hold” and a consensus target price of $58.50.

Shares of Sohu.com (NASDAQ SOHU) opened at 58.31 on Monday. Sohu.com has a 52 week low of $32.60 and a 52 week high of $70.86. The firm’s 50-day moving average is $58.59 and its 200 day moving average is $49.91. The firm’s market capitalization is $2.27 billion.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Friday, October 27th. The information services provider reported ($2.38) EPS for the quarter, missing analysts’ consensus estimates of ($1.24) by ($1.14). Sohu.com had a negative return on equity of 21.39% and a negative net margin of 18.51%. The company had revenue of $516.10 million for the quarter, compared to analyst estimates of $493.47 million. During the same quarter in the previous year, the business earned ($1.68) earnings per share. The company’s revenue was up 25.7% on a year-over-year basis. Equities research analysts forecast that Sohu.com will post ($5.73) EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Sohu.com by 12.9% during the 1st quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock worth $243,000 after purchasing an additional 706 shares during the last quarter. Morgan Stanley increased its stake in shares of Sohu.com by 88.7% during the 1st quarter. Morgan Stanley now owns 434,777 shares of the information services provider’s stock worth $17,100,000 after purchasing an additional 204,378 shares during the last quarter. Airain ltd acquired a new position in shares of Sohu.com during the 2nd quarter worth about $1,021,000. Renaissance Technologies LLC increased its stake in shares of Sohu.com by 19.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,398,900 shares of the information services provider’s stock worth $108,094,000 after purchasing an additional 385,900 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Sohu.com during the 1st quarter worth about $341,000. Institutional investors own 63.21% of the company’s stock.

Sohu.com Company Profile

Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.

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