Changyou.com Limited (NASDAQ:CYOU) announced its quarterly earnings results on Friday, October 27th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($1.17), Morningstar.com reports. The firm had revenue of $165.60 million for the quarter, compared to analyst estimates of $164.94 million. Changyou.com Limited had a return on equity of 9.50% and a net margin of 20.42%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Changyou.com Limited updated its Q4 guidance to $0.66-0.76 EPS.
Shares of Changyou.com Limited (CYOU) opened at $37.33 on Friday. Changyou.com Limited has a 1 year low of $21.13 and a 1 year high of $44.55. The company has a market capitalization of $1,955.20, a P/E ratio of 17.28, a P/E/G ratio of 0.49 and a beta of 1.15.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Airain ltd increased its position in Changyou.com Limited by 60.4% in the 2nd quarter. Airain ltd now owns 38,649 shares of the technology company’s stock valued at $1,498,000 after acquiring an additional 14,553 shares during the period. Citigroup Inc. increased its position in shares of Changyou.com Limited by 233.6% during the 2nd quarter. Citigroup Inc. now owns 8,770 shares of the technology company’s stock valued at $340,000 after purchasing an additional 6,141 shares during the period. Morgan Stanley increased its position in shares of Changyou.com Limited by 59.4% during the 1st quarter. Morgan Stanley now owns 101,350 shares of the technology company’s stock valued at $2,842,000 after purchasing an additional 37,748 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Changyou.com Limited by 175.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 125,590 shares of the technology company’s stock valued at $3,522,000 after purchasing an additional 79,919 shares during the period. Finally, Renaissance Group LLC increased its position in shares of Changyou.com Limited by 5.5% during the 2nd quarter. Renaissance Group LLC now owns 15,002 shares of the technology company’s stock valued at $581,000 after purchasing an additional 778 shares during the period. Hedge funds and other institutional investors own 28.27% of the company’s stock.
CYOU has been the subject of a number of recent research reports. Deutsche Bank AG upgraded Changyou.com Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group started coverage on Changyou.com Limited in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $40.30 target price for the company. BidaskClub upgraded Changyou.com Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Changyou.com Limited from a “strong-buy” rating to a “hold” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Changyou.com Limited presently has a consensus rating of “Hold” and a consensus target price of $38.06.
Changyou.com Limited Company Profile
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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