Investors Sell Baidu, Inc. (BIDU) on Strength (BIDU)

Traders sold shares of Baidu, Inc. (NASDAQ:BIDU) on strength during trading on Tuesday. $276.39 million flowed into the stock on the tick-up and $333.28 million flowed out of the stock on the tick-down, for a money net flow of $56.89 million out of the stock. Of all stocks tracked, Baidu had the 0th highest net out-flow for the day. Baidu traded up $10.19 for the day and closed at $262.41

BIDU has been the subject of a number of analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Erste Group upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Macquarie reiterated a “top pick” rating on shares of Baidu in a research note on Monday, August 28th. Vetr upgraded Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 price target for the company in a research note on Wednesday, September 6th. Finally, BidaskClub upgraded Baidu from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. One equities 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’s stock. Baidu has an average rating of “Buy” and an average target price of $223.12.

The firm has a market capitalization of $90.27 billion, a price-to-earnings ratio of 47.45 and a beta of 1.99. The firm’s 50-day moving average price is $237.05 and its 200-day moving average price is $201.57.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIDU. BlackRock Inc. raised its position in Baidu by 4,625.7% in the first quarter. BlackRock Inc. now owns 11,974,528 shares of the information services provider’s stock worth $2,065,846,000 after acquiring an additional 11,721,135 shares during the period. Capital World Investors raised its position in Baidu by 54.2% in the second quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock worth $1,739,659,000 after acquiring an additional 3,419,291 shares during the period. Harris Associates L P raised its position in Baidu by 29.7% in the second quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock worth $1,612,458,000 after acquiring an additional 2,066,614 shares during the period. Cambiar Investors LLC bought a new position in Baidu in the second quarter worth approximately $274,670,000. Finally, Veritas Asset Management LLP raised its position in Baidu by 37.1% in the second quarter. Veritas Asset Management LLP now owns 3,404,298 shares of the information services provider’s stock worth $608,893,000 after acquiring an additional 920,687 shares during the period. Institutional investors and hedge funds own 64.15% 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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