Citigroup Downgrades Inc to Neutral with Price Target $44.00

Brokerage firm Citigroup Downgrades its rating on Inc(NASDAQ:SOHU). In a research note issued to the investors, the brokerage major Lowers the price-target to $44.00 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Citigroup was issued on Jul 22, 2016. Inc (SOHU) made into the market gainers list on Thursdays trading session with the shares advancing 0.46% or 0.18 points. Due to strong positive momentum, the stock ended at $39.28, which is also near the day’s high of $39.58. The stock began the session at $39.31 and the volume stood at 1,35,037 shares. The 52-week high of the shares is $59.5 and the 52 week low is $35.646. The company has a current market capitalization of $1,519 M and it has 3,86,71,434 shares in outstanding. Inc(SOHU) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $407.95M. Analysts had an estimated revenue of $406.50M. Earnings per share were $-0.56. Analysts had estimated an EPS of $-0.57.

Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, Edward B Roberts (director) sold 1,400 shares at $49.05 per share price.Also, On Jun 15, 2015, Charles Zhang (CEO) sold 15,618 shares at $70.14 per share price.On May 20, 2015, Shi Wang (director) sold 3,133 shares at $67.00 per share price, according to the Form-4 filing with the securities and exchange commission. Inc. (Sohu) is an online media search and game service company providing online products and services on personal computers (PCs) and mobile devices. The Company operates through four segments: brand advertising segment and the others segment (both operated by Sohu) the Sogou segment and the Changyou segment. Sohu’s main business is the brand advertising business which offers to users over its matrices of Chinese language online media various content products and services across multiple Internet-enabled devices such as PCs mobile phones and tablets. Sohu engages in the others business which includes mobile-related services and mobile products. Sogou is an online search client software and mobile Internet product provider. Changyou is an online game developer and operator as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional and engages in the development operation and licensing of online games for PCs and mobile devices.

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