Traders Sell Baidu Inc. (BIDU) on Strength (BIDU)
Investors sold shares of Baidu Inc. (NASDAQ:BIDU) on strength during trading hours on Monday. $141.69 million flowed into the stock on the tick-up and $165.18 million flowed out of the stock on the tick-down, for a money net flow of $23.49 million out of the stock. Of all companies tracked, Baidu had the 0th highest net out-flow for the day. Baidu traded up $4.97 for the day and closed at $172.95
A number of analysts recently commented on the stock. Vetr downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $174.69 price objective on the stock. in a report on Monday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $188.00 price target (down previously from $196.00) on shares of Baidu in a report on Tuesday, August 2nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $182.00 price target (down previously from $199.00) on shares of Baidu in a report on Monday, August 1st. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $180.00 price target (down previously from $215.00) on shares of Baidu in a report on Sunday, July 31st. Finally, TH Capital downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $195.25.
The firm has a market capitalization of $59.48 billion and a P/E ratio of 12.57. The stock has a 50 day moving average of $163.68 and a 200-day moving average of $171.26.
Several hedge funds recently bought and sold shares of BIDU. Trexquant Investment LP boosted its stake in Baidu by 10.3% in the fourth quarter. Trexquant Investment LP now owns 7,500 shares of the company’s stock valued at $1,418,000 after buying an additional 700 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Baidu by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 9,024 shares of the company’s stock worth $1,706,000 after buying an additional 258 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Baidu by 28.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,800 shares of the company’s stock worth $2,042,000 after buying an additional 2,400 shares during the period. Marshall Wace LLP boosted its stake in Baidu by 10.7% in the fourth quarter. Marshall Wace LLP now owns 11,291 shares of the company’s stock worth $2,134,000 after buying an additional 1,091 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Baidu during the fourth quarter worth about $25,788,000.
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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