Investors Buy Baidu (BIDU) on Weakness

Investors bought shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading hours on Tuesday. $161.96 million flowed into the stock on the tick-up and $52.00 million flowed out of the stock on the tick-down, for a money net flow of $109.96 million into the stock. Of all companies tracked, Baidu had the 4th highest net in-flow for the day. Baidu traded down ($1.22) for the day and closed at $237.83

Several equities research analysts recently issued reports on BIDU shares. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective for the company. in a research report on Tuesday, September 19th. Barclays set a $250.00 target price on shares of Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Finally, Citigroup reaffirmed a “hold” rating and set a $253.00 target price on shares of Baidu in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $238.19.

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $82,890.00, a P/E ratio of 34.25, a PEG ratio of 1.44 and a beta of 1.89.

A number of institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new position in shares of Baidu in the 2nd quarter valued at $559,000. Comgest Global Investors S.A.S. grew its position in Baidu by 9.1% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 2,659,934 shares of the information services provider’s stock valued at $475,756,000 after buying an additional 222,300 shares during the last quarter. Pitcairn Co. grew its position in Baidu by 11.3% in the 3rd quarter. Pitcairn Co. now owns 7,479 shares of the information services provider’s stock valued at $1,852,000 after buying an additional 760 shares during the last quarter. Lazard Asset Management LLC grew its position in Baidu by 2.4% in the 2nd quarter. Lazard Asset Management LLC now owns 5,879,990 shares of the information services provider’s stock valued at $1,051,693,000 after buying an additional 138,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in Baidu by 3.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 315,389 shares of the information services provider’s stock valued at $78,118,000 after buying an additional 9,666 shares during the last quarter. Institutional investors own 63.95% of the company’s stock.

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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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