The stock of Baidu Inc (ADR) (NASDAQ:BIDU) is a huge mover today! About 1.10 million shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has declined 16.63% since April 13, 2016 and is downtrending. It has underperformed by 20.55% the S&P500.
The move comes after 8 months positive chart setup for the $56.69B company. It was reported on Nov, 15 by Barchart.com. We have $200.89 PT which if reached, will make NASDAQ:BIDU worth $12.47 billion more.
Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage
Out of 18 analysts covering Baidu (NASDAQ:BIDU), 6 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 33% are positive. Baidu has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Citigroup downgraded the stock to “Neutral” rating in Monday, June 13 report. Credit Suisse initiated Baidu Inc (ADR) (NASDAQ:BIDU) rating on Wednesday, July 20. Credit Suisse has “Outperform” rating and $190 price target. The rating was downgraded by KeyBanc Capital Markets on Tuesday, July 28 to “Sector Weight”. TH Capital maintained Baidu Inc (ADR) (NASDAQ:BIDU) rating on Tuesday, October 27. TH Capital has “Buy” rating and $187 price target. The firm earned “Neutral” rating on Monday, October 31 by Macquarie Research. As per Wednesday, October 7, the company rating was downgraded by Daiwa Securities. On Friday, October 28 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was maintained by Deutsche Bank on Wednesday, September 9 with “Hold”. Jefferies upgraded Baidu Inc (ADR) (NASDAQ:BIDU) on Monday, August 31 to “Buy” rating. The rating was downgraded by Nomura to “Neutral” on Friday, January 22.
According to Zacks Investment Research, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks.”
More notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Fool.com which released: “Better Buy: Facebook Inc vs. Baidu Inc (ADR)” on November 02, 2016, also Investorplace.com with their article: “Should You Buy Baidu Inc (ADR) (BIDU) Stock? 3 Pros, 3 Cons” published on November 09, 2016, Profitconfidential.com published: “Baidu Inc (ADR): This Will Determine Where BIDU Stock Goes Next” on October 24, 2016. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Fool.com and their article: “Better Buy: Twitter Inc vs. Baidu Inc (ADR)” published on October 17, 2016 as well as Fool.com‘s news article titled: “Better Buy: Baidu Inc (ADR) vs. Twitter Inc” with publication date: July 12, 2016.
BIDU Company Profile
Baidu, Inc., incorporated on January 18, 2000, is a Chinese language Internet search provider. The Firm 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. The Company’s business consists of three divisions: search services, transaction services and iQiyi. Search services are keyword marketing services targeted at and triggered by Internet users’ search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. The Company’s transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.
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