Changyou.Com Ltd (NASDAQ:CYOU) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $32.43.
Several research firms have recently commented on CYOU. BidaskClub lowered Changyou.Com from a “sell” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine lowered Changyou.Com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank upgraded Changyou.Com from a “hold” rating to a “buy” rating in a research report on Monday, October 30th.
Changyou.Com (NASDAQ:CYOU) traded down $0.85 on Friday, hitting $27.22. The stock had a trading volume of 131,743 shares, compared to its average volume of 270,954. Changyou.Com has a 1-year low of $24.53 and a 1-year high of $44.55. The stock has a market capitalization of $1,380.00, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.60 and a beta of 0.80.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its stake in shares of Changyou.Com by 27.3% in the second quarter. TIAA CREF Investment Management LLC now owns 12,600 shares of the technology company’s stock valued at $488,000 after acquiring an additional 2,700 shares in the last quarter. Citigroup Inc. raised its stake in shares of Changyou.Com by 233.6% in the second quarter. Citigroup Inc. now owns 8,770 shares of the technology company’s stock valued at $340,000 after acquiring an additional 6,141 shares in the last quarter. Northern Trust Corp raised its stake in shares of Changyou.Com by 16.3% in the second quarter. Northern Trust Corp now owns 21,453 shares of the technology company’s stock valued at $832,000 after acquiring an additional 3,010 shares in the last quarter. FMR LLC raised its stake in shares of Changyou.Com by 88.7% in the second quarter. FMR LLC now owns 41,900 shares of the technology company’s stock valued at $1,624,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Changyou.Com in the second quarter valued at $1,005,000. Institutional investors and hedge funds own 27.70% of the company’s stock.
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Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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