Traders Buy Shares of Baidu (BIDU) on Weakness

Traders purchased shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading hours on Friday. $89.92 million flowed into the stock on the tick-up and $61.63 million flowed out of the stock on the tick-down, for a money net flow of $28.29 million into the stock. Of all stocks tracked, Baidu had the 10th highest net in-flow for the day. Baidu traded down ($0.53) for the day and closed at $234.21

A number of research firms recently commented on BIDU. Zacks Investment Research upgraded Baidu from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a report on Wednesday, September 27th. reiterated a “buy” rating and issued a $282.00 price objective (up from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 price objective on the stock in a report on Tuesday, September 26th. Bank of America reiterated a “buy” rating and issued a $263.00 price objective on shares of Baidu in a report on Monday, September 18th. Finally, Barclays set a $250.00 price target on Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $238.19.

The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $81,400.00, a PE ratio of 33.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.89.

Large investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new position in Baidu in the second quarter valued at $559,000. Comgest Global Investors S.A.S. increased its holdings in Baidu by 9.1% in the second 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. increased its holdings in Baidu by 11.3% in the third 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 increased its holdings in Baidu by 2.4% in the second 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 increased its holdings in Baidu by 3.2% in the third 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. 63.95% of the stock is currently owned by hedge funds and other 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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