Investors bought shares of Baidu, Inc. (NASDAQ:BIDU) on weakness during trading on Tuesday. $145.21 million flowed into the stock on the tick-up and $111.59 million flowed out of the stock on the tick-down, for a money net flow of $33.62 million into the stock. Of all stocks tracked, Baidu had the 3rd highest net in-flow for the day. Baidu traded down ($1.67) for the day and closed at $247.00

Several analysts recently issued reports on BIDU shares. TheStreet upgraded shares of Baidu from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $208.00 target price on shares of Baidu in a research note on Saturday, July 22nd. Nomura upgraded 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. HSBC Holdings plc reiterated a “buy” rating and set a $223.00 target price on shares of Baidu in a research note on Monday, July 10th. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $241.00 in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Baidu has an average rating of “Buy” and a consensus price target of $223.12.

The stock has a market cap of $84.60 billion, a price-to-earnings ratio of 44.47 and a beta of 1.99. The firm’s 50 day moving average price is $232.72 and its 200 day moving average price is $198.60.

A number of institutional investors have recently made changes to their positions in BIDU. Stifel Financial Corp boosted its stake in Baidu by 15.6% during the first quarter. Stifel Financial Corp now owns 16,580 shares of the information services provider’s stock valued at $2,862,000 after buying an additional 2,234 shares during the last quarter. American International Group Inc. raised its position in Baidu by 0.7% during the first quarter. American International Group Inc. now owns 15,424 shares of the information services provider’s stock valued at $2,661,000 after purchasing an additional 107 shares during the period. AXA raised its position in Baidu by 12.0% during the first quarter. AXA now owns 479,446 shares of the information services provider’s stock valued at $82,714,000 after purchasing an additional 51,425 shares during the period. Boston Private Wealth LLC raised its position in Baidu by 0.4% during the first quarter. Boston Private Wealth LLC now owns 2,018 shares of the information services provider’s stock valued at $348,000 after purchasing an additional 9 shares during the period. Finally, Motley Fool Wealth Management LLC raised its position in Baidu by 2.3% during the first quarter. Motley Fool Wealth Management LLC now owns 15,708 shares of the information services provider’s stock valued at $2,710,000 after purchasing an additional 347 shares during the period. 64.15% of the stock is owned by institutional investors.

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About Baidu

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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