Investors Sell Shares of Baidu, Inc. (BIDU) on Strength (BIDU)
Traders sold shares of Baidu, Inc. (NASDAQ:BIDU) on strength during trading hours on Tuesday. $126.45 million flowed into the stock on the tick-up and $172.86 million flowed out of the stock on the tick-down, for a money net flow of $46.41 million out of the stock. Of all stocks tracked, Baidu had the 0th highest net out-flow for the day. Baidu traded up $1.70 for the day and closed at $236.19
A number of analysts have commented on BIDU shares. ValuEngine upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $205.36 price objective for the company in a research report on Monday, June 12th. BidaskClub downgraded Baidu from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research report on Monday, June 19th. Finally, TheStreet downgraded Baidu from a “b-” rating to a “c+” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $223.12.
The company’s 50 day moving average is $227.76 and its 200-day moving average is $193.39. The stock has a market capitalization of $83.61 billion, a P/E ratio of 43.95 and a beta of 1.98.
A number of hedge funds and other institutional investors have recently made changes to their positions in BIDU. Grove Bank & Trust lifted its position in Baidu by 74.2% in the 2nd quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock valued at $106,000 after acquiring an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Baidu in the 2nd quarter valued at about $112,000. Harbour Capital Advisors LLC lifted its position in Baidu by 17,786.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 20,810 shares in the last quarter. Aviance Capital Management LLC bought a new position in Baidu in the 2nd quarter valued at about $124,000. Finally, Highstreet Asset Management Inc. bought a new position in Baidu in the 2nd quarter valued at about $146,000. 64.14% of the stock is currently owned by institutional investors and hedge funds.
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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