Traders Buy Baidu (BIDU) on Weakness
Investors bought shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading on Thursday. $282.33 million flowed into the stock on the tick-up and $225.37 million flowed out of the stock on the tick-down, for a money net flow of $56.96 million into the stock. Of all stocks tracked, Baidu had the 31st highest net in-flow for the day. Baidu traded down ($10.43) for the day and closed at $212.07
BIDU has been the subject of several recent analyst reports. Barclays set a $250.00 price objective on shares of Baidu and gave the stock a “hold” rating in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Baidu from a “buy” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub downgraded shares of Baidu from a “hold” rating to a “sell” rating in a report on Saturday, December 30th. Jefferies Group upped their price objective on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, OTR Global raised shares of Baidu to a “positive” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $239.75.
The company has a market cap of $76,160.00, a P/E ratio of 29.75, a P/E/G ratio of 1.47 and a beta of 1.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71.
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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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