Traders Buy Shares of Baidu (BIDU) on Weakness
Investors bought shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading on Thursday. $237.76 million flowed into the stock on the tick-up and $192.69 million flowed out of the stock on the tick-down, for a money net flow of $45.07 million into the stock. Of all companies tracked, Baidu had the 26th highest net in-flow for the day. Baidu traded down ($3.56) for the day and closed at $260.50
BIDU has been the topic of several recent research reports. Credit Suisse Group initiated coverage on shares of Baidu in a research report on Monday, April 23rd. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of Baidu from a “hold” rating to a “buy” rating and set a $257.00 price objective on the stock in a research report on Tuesday, April 17th. BidaskClub lowered shares of Baidu from a “hold” rating to a “sell” rating in a research report on Friday, March 30th. Citigroup raised shares of Baidu from a “neutral” rating to a “buy” rating and set a $307.00 price objective on the stock in a research report on Friday, April 27th. Finally, Deutsche Bank initiated coverage on shares of Baidu in a research report on Thursday, March 15th. They set a “buy” rating and a $319.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $281.40.
The stock has a market cap of $90.89 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.42 and a beta of 1.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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