Traders Sell Baidu, Inc. (BIDU) on Strength (BIDU)
Investors sold shares of Baidu, Inc. (NASDAQ:BIDU) on strength during trading hours on Thursday. $226.21 million flowed into the stock on the tick-up and $250.03 million flowed out of the stock on the tick-down, for a money net flow of $23.82 million out of the stock. Of all equities tracked, Baidu had the 17th highest net out-flow for the day. Baidu traded up $5.35 for the day and closed at $249.65
BIDU has been the subject of a number of analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $201.00 target price (up previously from $186.00) on shares of Baidu in a research note on Wednesday, July 26th. Cantor Fitzgerald raised shares of Baidu from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $156.00 to $260.00 in a research note on Friday, July 28th. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $189.00 to $252.00 in a research note on Friday, July 28th. Nomura raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $241.00 target price for the company in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. lifted their target price on shares of Baidu from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $236.36.
The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market cap of $84,713.47, a PE ratio of 30.92, a P/E/G ratio of 1.45 and a beta of 1.94.
Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Baidu by 96.0% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock worth $121,000 after purchasing an additional 240 shares during the last quarter. Grove Bank & Trust boosted its holdings in Baidu by 74.2% during the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after purchasing an additional 253 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Baidu during the second quarter worth about $112,000. Aviance Capital Management LLC purchased a new position in Baidu during the second quarter worth about $124,000. Finally, Invictus RG purchased a new position in Baidu during the third quarter worth about $193,000. Institutional investors and hedge funds own 64.42% of the company’s stock.
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Baidu Company Profile
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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