Investors Sell Baidu Inc. (BIDU) on Strength (BIDU)
Traders sold shares of Baidu Inc. (NASDAQ:BIDU) on strength during trading on Friday. $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 stocks 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 analysts recently weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $225.00 price target (down from $240.00) on shares of Baidu in a research note on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating and issued a $203.00 price target on shares of Baidu in a research note on Tuesday, June 7th. Brean Capital reaffirmed a “buy” rating on shares of Baidu in a research note on Tuesday, June 7th. Vetr lowered shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $203.76 price target on the stock. in a research note on Monday, May 30th. Finally, HSBC reaffirmed a “buy” rating and issued a $217.00 price target on shares of Baidu in a research note on Thursday, May 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $193.68.
The stock has a market capitalization of $61.62 billion and a price-to-earnings ratio of 13.06. The stock has a 50 day moving average of $167.99 and a 200-day moving average of $173.19.
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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