Investors sold shares of Baidu Inc. (NASDAQ:BIDU) on strength during trading hours on Tuesday. $107.17 million flowed into the stock on the tick-up and $131.03 million flowed out of the stock on the tick-down, for a money net flow of $23.86 million out of the stock. Of all companies tracked, Baidu had the 0th highest net out-flow for the day. Baidu traded up $0.35 for the day and closed at $173.30

BIDU has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $238.00 target price (down previously from $240.00) on shares of Baidu in a research report on Monday, May 2nd. Brean Capital reaffirmed a “buy” rating on shares of Baidu in a research report on Tuesday, May 31st. Bank of America Corp. reaffirmed a “buy” rating on shares of Baidu in a research report on Tuesday, May 3rd. Zacks Investment Research cut shares of Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $225.00 target price on shares of Baidu in a research report on Tuesday, May 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $195.25.

The firm has a market cap of $60.07 billion and a price-to-earnings ratio of 12.70. The stock has a 50-day moving average price of $164.15 and a 200 day moving average price of $171.34.

A number of institutional investors recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in Baidu during the fourth quarter valued at approximately $25,788,000. Marshall Wace LLP raised its position in Baidu by 10.7% in the fourth quarter. Marshall Wace LLP now owns 11,291 shares of the company’s stock valued at $2,134,000 after buying an additional 1,091 shares during the period. Advisors Asset Management Inc. raised its position in Baidu by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 9,024 shares of the company’s stock valued at $1,706,000 after buying an additional 258 shares during the period. Trexquant Investment LP raised its position 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 during the period. Finally, Platinum Investment Management Ltd. raised its position in Baidu by 2.6% in the fourth quarter. Platinum Investment Management Ltd. now owns 1,757,382 shares of the company’s stock valued at $332,215,000 after buying an additional 45,140 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.