Investors Buy Baidu, Inc. (BIDU) on Weakness

Investors bought shares of Baidu, Inc. (NASDAQ:BIDU) on weakness during trading on Wednesday. $268.11 million flowed into the stock on the tick-up and $182.05 million flowed out of the stock on the tick-down, for a money net flow of $86.06 million into the stock. Of all companies tracked, Baidu had the 6th highest net in-flow for the day. Baidu traded down ($0.96) for the day and closed at $263.04

Several equities research analysts have commented on the stock. Barclays PLC set a $250.00 price target on shares of Baidu and gave the stock a “hold” rating in a research report on Thursday, October 19th. UBS AG raised shares of Baidu from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Group LLC boosted their price target on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. OTR Global upgraded shares of Baidu to a “positive” rating in a research note on Wednesday. Finally, Vetr lowered shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective on the stock. in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. Baidu has an average rating of “Buy” and a consensus price target of $229.45.

The stock has a 50-day moving average price of $247.99 and a 200 day moving average price of $208.29. The firm has a market cap of $90.37 billion, a PE ratio of 47.51 and a beta of 1.99.

Institutional investors and hedge funds have recently bought and sold shares of the company. Grove Bank & Trust increased its stake in shares of Baidu by 74.2% in the second quarter. Grove Bank & Trust now owns 594 shares of the information services provider’s stock worth $106,000 after purchasing an additional 253 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Baidu in the second quarter worth about $112,000. Harbour Capital Advisors LLC increased its stake in shares of Baidu by 17,786.3% in the second quarter. Harbour Capital Advisors LLC now owns 20,927 shares of the information services provider’s stock worth $117,000 after purchasing an additional 20,810 shares in the last quarter. Aviance Capital Management LLC purchased a new position in shares of Baidu in the second quarter worth about $124,000. Finally, Highstreet Asset Management Inc. purchased a new position in shares of Baidu in the second quarter worth about $146,000. Hedge funds and other institutional investors own 64.14% 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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