Traders Sell Shares of Baidu Inc. (BIDU) on Strength (BIDU)
Investors sold shares of Baidu Inc. (NASDAQ:BIDU) on strength during trading hours on Thursday. $155.47 million flowed into the stock on the tick-up and $170.82 million flowed out of the stock on the tick-down, for a money net flow of $15.35 million out of the stock. Of all companies tracked, Baidu had the 0th highest net out-flow for the day. Baidu traded up $5.48 for the day and closed at $176.55
A number of research firms recently weighed in on BIDU. Brean Capital reiterated a “buy” rating on shares of Baidu in a research report on Tuesday, June 21st. Vetr lowered shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $180.48 price objective on the stock. in a research report on Thursday, June 30th. Barclays PLC lowered shares of Baidu to a “hold” rating in a research report on Monday, June 13th. Nomura lowered their price objective on shares of Baidu from $187.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. reduced their target price on Baidu from $220.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, June 14th. Three 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $193.68.
The company has a market cap of $61.62 billion and a PE ratio of 13.06. The company has a 50-day moving average of $167.99 and a 200-day moving average of $173.19.
An institutional investor recently bought a new position in Baidu stock. AJO LP bought a new stake in shares of Baidu Inc. (NASDAQ:BIDU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,885 shares of the company’s stock, valued at approximately $3,003,000.
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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