Investors Buy Baidu (BIDU) on Weakness

Investors bought shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading on Wednesday. $157.73 million flowed into the stock on the tick-up and $132.76 million flowed out of the stock on the tick-down, for a money net flow of $24.97 million into the stock. Of all stocks tracked, Baidu had the 14th highest net in-flow for the day. Baidu traded down ($2.29) for the day and closed at $255.49

Several brokerages have recently commented on BIDU. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price target (down previously from $275.00) on shares of Baidu in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Bank of America reiterated a “buy” rating and set a $301.00 price target on shares of Baidu in a research report on Sunday, November 19th. Finally, Oppenheimer upped their price target on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $234.77.

The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $88,710.00, a P/E ratio of 36.04, a P/E/G ratio of 1.53 and a beta of 1.89.

Several hedge funds have recently made changes to their positions in BIDU. Harding Loevner LP increased its stake in shares of Baidu by 7,512.3% in the 3rd quarter. Harding Loevner LP now owns 299,359,034 shares of the information services provider’s stock valued at $597,992,000 after acquiring an additional 295,426,466 shares during the last quarter. Capital World Investors increased its stake in shares of Baidu by 54.2% in the 2nd quarter. Capital World Investors now owns 9,726,375 shares of the information services provider’s stock valued at $1,739,659,000 after acquiring an additional 3,419,291 shares during the last quarter. Harris Associates L P increased its stake in shares of Baidu by 29.7% in the 2nd quarter. Harris Associates L P now owns 9,015,196 shares of the information services provider’s stock valued at $1,612,458,000 after acquiring an additional 2,066,614 shares during the last quarter. Investec Asset Management LTD increased its stake in shares of Baidu by 3,282.3% in the 3rd quarter. Investec Asset Management LTD now owns 1,202,148 shares of the information services provider’s stock valued at $297,760,000 after acquiring an additional 1,166,606 shares during the last quarter. Finally, USS Investment Management Ltd increased its stake in shares of Baidu by 156.8% in the 3rd quarter. USS Investment Management Ltd now owns 562,600 shares of the information services provider’s stock valued at $139,350,000 after acquiring an additional 343,500 shares during the last quarter. 63.94% 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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