Traders bought shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading hours on Wednesday. $157.73 million flowed into the stock on the tick-up and $132.76 million flowed out of the stock on the tick-down, for a money net flow of $24.97 million into the stock. Of all companies tracked, Baidu had the 14th highest net in-flow for the day. Baidu traded down ($2.29) for the day and closed at $255.49
Several brokerages have issued reports on BIDU. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Wells Fargo & Co restated an “outperform” rating and set a $200.00 price objective (down from $275.00) on shares of Baidu in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Bank of America restated a “buy” rating and set a $301.00 price objective on shares of Baidu in a research report on Sunday, November 19th. Finally, Oppenheimer raised their price objective on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $237.26.
The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $89,530.00, a PE ratio of 36.04, a price-to-earnings-growth ratio of 1.54 and a beta of 1.89.
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.
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.