Investors Buy Baidu (BIDU) on Weakness

Traders purchased shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading hours on Monday. $129.66 million flowed into the stock on the tick-up and $107.05 million flowed out of the stock on the tick-down, for a money net flow of $22.61 million into the stock. Of all equities tracked, Baidu had the 31st highest net in-flow for the day. Baidu traded down ($1.05) for the day and closed at $233.54

A number of research firms recently commented on BIDU. Oppenheimer lifted their target price on Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. J P Morgan Chase & Co decreased their target price on Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Bank of America reaffirmed a “buy” rating and set a $301.00 target price on shares of Baidu in a report on Sunday, November 19th. Vetr raised Baidu from a “buy” rating to a “strong-buy” rating and set a $277.19 target price for the company in a report on Monday, October 30th. Finally, Erste Group raised Baidu from a “sell” rating to a “hold” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Baidu has an average rating of “Buy” and an average target price of $236.36.

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 stock has a market cap of $81,620.00, a PE ratio of 29.56, a P/E/G ratio of 1.38 and a beta of 1.89.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new position in Baidu during the second quarter worth $559,000. Comgest Global Investors S.A.S. boosted its stake in Baidu by 9.1% during the second quarter. Comgest Global Investors S.A.S. now owns 2,659,934 shares of the information services provider’s stock worth $475,756,000 after buying an additional 222,300 shares during the last quarter. Pitcairn Co. lifted its stake in shares of 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 purchasing an additional 760 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of 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 purchasing an additional 138,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of 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 purchasing an additional 9,666 shares during the last quarter. Hedge funds and other institutional investors own 64.10% 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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