Investors Sell Baidu Inc. (BIDU) on Strength (BIDU)
Investors sold shares of Baidu Inc. (NASDAQ:BIDU) on strength during trading hours on Tuesday. $82.88 million flowed into the stock on the tick-up and $97.59 million flowed out of the stock on the tick-down, for a money net flow of $14.71 million out of the stock. Of all equities tracked, Baidu had the 0th highest net out-flow for the day. Baidu traded up $1.80 for the day and closed at $175.45
Several analysts have issued reports on BIDU shares. Brean Capital reiterated a “buy” rating on shares of Baidu in a research note on Tuesday, May 17th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $225.00 target price (down from $240.00) on shares of Baidu in a research note on Tuesday, May 10th. Jefferies Group reiterated a “buy” rating and issued a $203.00 target price on shares of Baidu in a research note on Tuesday, June 7th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $190.00 target price on shares of Baidu in a research note on Wednesday, July 20th. Finally, Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $203.76 target price on the stock. in a research note on Monday, May 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $195.25.
The company has a market cap of $60.81 billion and a PE ratio of 12.80. The firm’s 50 day moving average price is $167.12 and its 200 day moving average price is $173.15.
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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