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Baidu, Inc. (BIDU)

- NASDAQ
  • Fri, Feb. 13, 11:29 AM
    • Shares of Baidu (NASDAQ:BIDU) have recovered entirely from their post-earnings decline as dip-buyers lift the stock +4.4%, to $213.61.
    • A set of downgrades followed Baidu's light Q1 outlook: Stifel Nicolaus downgraded shares to Hold, and Brean Capital and Jefferies Group lowered price targets (to $250 and $253 respectively), but maintained Buy ratings.
    • Volume on the shares has surpassed its daily average.
    • More analyst outlooks
    • Previously: Baidu tumbles below $200 on revenue miss, light Q1 outlook (Feb. 11 2015)
    | 2 Comments
  • Thu, Feb. 12, 9:15 AM
    | 5 Comments
  • Wed, Feb. 11, 5:36 PM
    | 3 Comments
  • Wed, Feb. 11, 5:12 PM
    • In addition to missing Q4 revenue estimates (while slightly beating on EPS), Baidu (NASDAQ:BIDU) is guiding for Q1 revenue of RMB12.645B-RMB13.065B ($2.038B-$2.106B), below an RMB13.62B consensus. Guidance reflects "the combined impact of both the late timing of Chinese New Year this year and mobile's growing traffic contribution, which monetizes at a rate lower than that of PC."
    • Mobile rose to 42% of revenue in Q4 from 36% in Q3. Online ad customers rose 16% Y/Y but just 1.4% Q/Q to 523K; revenue per online ad customer rose 26.3% Y/Y but just 1.9% Q/Q to $4,255.
    • Traffic acquisition costs rose to 13.4% of revenue from 12.9% in Q3 and 12.3% a year ago (mobile, hao123 portal promotions, and contextual ads were responsible). SG&A spend soared 89.2% Y/Y to $568M, and R&D spend 69% to $344.2M.
    • BIDU -8.1% AH to $197.26.
    • Q4 results, PR
    | 6 Comments
  • Wed, Jan. 21, 2:55 PM
    • Alibaba (BABA +3.5%) and Baidu (BIDU +3.6%) have posted big gains in U.S. trading after the Shanghai Composite rose 4.7% overnight (its biggest gain in 5 years). China's other Internet giant, Tencent (OTCPK:TCEHY), hasn't been left out of the fun: Its shares rose 3.8% overnight in Hong Kong, leaving the company sporting a $155B market cap.
    • Baidu recently received positive pre-earnings commentary from Deutsche, which argued mobile monetization is improving rapidly. The firm observed Baidu hiked the minimum bid price for mobile keywords as a % of PC keyword prices to 30% from 10%, and suggested Baidu's alliance with fast-growing Android OEM Xiaomi could provide a boost. Mobile accounted for 36% of Baidu's Q3 revenue, and a majority of its traffic.
    • Alibaba, which also rallied yesterday, is eight days away from posting its FQ3 report. The consensus is for 47% Y/Y revenue growth, but only 24% EBITDA growth, as investments in new businesses and mobile marketing pressure margins.
    | 9 Comments
  • Dec. 1, 2014, 10:38 AM
    • Chinese Internet  and telecom names are among the biggest tech decliners as the Nasdaq registers a 0.9% drop. A soft November PMI print isn't helping.
    • Giants Alibaba (BABA -4.3%) and Baidu (BIDU -2.8%) are among the casualties. As is Qunar (QUNR -5.8%), which reports after the bell.
    • Other Internet decliners: BITA -12%. QIHU -4.4%. CTRP -4.3%SFUN -7.2%. LEJU -7.5%. RENN -6.3%. SINA -3.8%. WB -3%. YY -3.9%. VIPS -3.8%. SOHU -3.5%. MOBI -4.3%. CMGE -8.6%.
    • Telecom decliners: CHL -3.6%. CHU -3.9%. CHA -4%.
    • ETFs: KWEB, CQQQ, QQQC
    | 5 Comments
  • Nov. 12, 2014, 8:04 AM
    • Xiaomi (now China's biggest smartphone vendor and #3 worldwide) and Baidu (NASDAQ:BIDU) are each investing $300M in Baidu's iQiyi video site, China Business Daily reports.
    • Meanwhile, Xiaomi has announced it's taking a stake in major iQiyi rival Youku (NYSE:YOKU) by acquiring shares on the open market. Xiaomi will also license content from Youku, and the companies will "jointly invest in the production and distribution of online video content and movies."
    • The news comes a week after Xiaomi announced it's investing $1B to expand its Web video content library. The company claims 85M active users for its MIUI Android UI (pre-installed on its phones). Baidu/iQyi recently announced it would have distribution rights to 1K+ U.S. movies next year.
    • Baidu, Youku, SOHU, and Tencent have been battling fiercely in a Chinese Web video market that features no dominant YouTube-like player for user-generated/short-form content, nor any dominant Netflix-like player for TV shows and movies. The market has seen huge mobile video growth: Mobile made up over 60% of Youku's Q2 video views.
    • YOKU +3.6% premarket.
    | 1 Comment
  • Nov. 10, 2014, 11:15 AM
    • Baidu's (BIDU +2.5%) Dianxin mobile app unit is partnering with Chinese online retailer LightInTheBox (LITB +10.6%) to globally promote and distribute LightInTheBox's apps.
    • Dianxin's apps, which include Android utility apps such as DU Battery Saver and DU Speed Booster, have been downloaded by 350M Chinese and nearly 200M non-Chinese users.
    • LightInTheBox, which is up sharply on the news, receives the lion's share of its revenue from non-Chinese buyers. Baidu has increasingly been butting heads with Alibaba, whose marketplaces handle plenty of sales between Chinese merchant and overseas customers.
    | 3 Comments
  • Oct. 29, 2014, 4:36 PM
    • Baidu (NASDAQ:BIDU): Q3 EPS of RMB11.67 ($1.90) beats by RMB1.84.
    • Revenue of RMB13.52B ($2.203B, +52% Y/Y) misses by RMB30M.
    • Expects Q4 revenue of RMB13.85B-RMB14.25B ($2.256B-$2.322B) vs. a consensus of RMB14.19B.
    • Shares -3.8% AH.
    • Press Release
    | 8 Comments
  • Oct. 16, 2014, 12:06 PM
    • Calling its recent pullback a buying opportunity, Oppenheimer has upgraded Baidu (BIDU +2.6%) to Outperform, and set a $280 target.
    • The firm cites Baidu's strong mobile search position - Qihoo has been gaining ground in PC search - and the potential of Baidu's growth initiatives.
    • Q3 results arrive on Oct. 29. Shares opened lower, but (along with many Chinese Internet peers) have since rallied. They're up 19% YTD, and go for 25x 2015E EPS.
    | 3 Comments
  • Oct. 15, 2014, 2:28 PM
    • On a day when the Nasdaq is down 1.8% and the S&P 2.2%, many Chinese Internet stocks are rallying. China's lowest CPI print in five years - it helped the Shanghai exchange rise 0.7% overnight - could be playing a role.
    • Baidu (BIDU +1.1%), Sohu (SOHU +2.8%), Youku (YOKU +4.9%), Vipshop (VIPS +3%), and Weibo (WB +2.9%) are among the standouts. Others: CMGE +6.1%. MOBI +4.1%. NTES +3.5%. DANG +2.3%. SFUN +1.7%. CCIH +1.7%. BITA +1.5%.
    • ETFs: KWEB, CQQQ, QQQC
    | 7 Comments
  • Sep. 22, 2014, 1:45 PM
    • High-beta tech stocks are selling off hard as the Nasdaq registers a 1.3% decline. The selling is broad-based, with Internet, solar, and enterprise tech stocks all well-represented among the ranks of major decliners.
    • Major Internet decliners: BIDU -4.7%. ANGI -7%. YELP -5.9%. AWAY -5.1%. CHGG -5.9%. GRUB -5.8%. P -5.2%. Z -4.6%. TRLA -4.8%. ATHM -7.9%. BITA -7%. DANG -5.9%. WB -5.3%.
    • Solar: FSLR -4.5%. SCTY -7.5%. SPWR -4.5%. DQ -7.6%. JKS -5.5%. ASTI -6.3%. ENPH -5.5%. CSIQ -4.8%.
    • Enterprise: WDAY -5.4%. GIMO -6.7%. VMEM -7.7%. IMPV -4.8%. MKTO -4.9%. SPRT -5.1%. CSOD -5.5%.
    • Others: HIMX -4.6%. SIGM -5.6%. WATT -9.7%. CYNI -5.3%. ADNC -5.7%. PXLW -5%. SWIR -5.8%. MITK -6%. OCLR -6%.
    | 14 Comments
  • Sep. 19, 2014, 12:44 PM
    • Whether it's a case of selling on the news, freeing up capital to buy Alibaba shares, or a mixture of the two, a slew of Chinese Internet stocks are selling off as Alibaba (though off its highs) registers a 30%+ post-IPO gain.
    • Baidu (BIDU -2.2%) and JD.com (JD -4.5%), both of which rallied yesterday, are among the decliners. Others: QIHU -2.7%. SFUN -3%. EJ -2.7%. YY -2.1%. WB -2.3%. WUBA -6.3%. MOBI -6.4%. CMGE -6.5%.
    | 2 Comments
  • Sep. 18, 2014, 4:00 PM
    • Baidu (BIDU +4.2%) has turned in a strong day ahead of Alibaba's IPO, as have Alibaba rivals JD.com (JD +5.5%) and Vipshop (VIPS +3.4%).
    • The Chinese e-commerce giant is set to price its IPO this afternoon, and begin trading tomorrow. CNBC has reported Alibaba will price within its elevated $66-$68 range; at $68, the company would be valued at $167.6B, or more than twice Baidu's $80.1B.
    • Previous: Chinese Internet names tumble as Alibaba awaits
    | Comment!
  • Sep. 15, 2014, 1:21 PM
    • Maybe looking to raise cash with which to buy Alibaba (Pending:BABA) this week, investors are dumping a wide swath of other Chinese internet names.
    • Qihoo (QIHU -2.6%), Sohu.com (SOHU -5.3%), Baidu (BIDU -3.8%), Sina (SINA -4.9%), Renren (RENN -4%), Weibo (WB -11.3%), YY (YY -7.3%).
    • Previously: Alibaba to boost IPO size
    | 21 Comments
  • Jul. 25, 2014, 5:32 PM
    • Goldman has raised its 2014-2016 Baidu (BIDU +10.9%) EPS estimates by 17%-23% following its sizable Q2 EPS beat and above-consensus Q3 guidance, and hiked its target by $35 to $260. BofA/Merrill, Deutsche, and Piper have also raised their Baidu PTs.
    • Goldman was pleased with several datapoints provided in the Q2 report and CC (transcript). Among them: 1) Baidu topped 500M mobile search monthly active users (MAUs) in June. 2) Maps MAUs have passed 200M. 3) Baidu's app distribution platforms (led by 91 Wireless) averaged 130M downloads/day in Q2. 4) The Nuomi daily deals unit (acquired from Renren) has seen its user base double since Q4.
    • BofA/Merrill observes Baidu's aggressive spending growth is now being fueled more by hiring than by marketing spend, something it expects will translate into future leverage. Marketing spend fell to 11.5% of revenue from 14.1% in Q1, while R&D grew to 14.6% from 13.6%.
    • Baidu made fresh highs today, and provided a lift to rivals Qihoo (QIHU +3.7%) and Sohu (SOHU +2.2%) along the way.
    | 5 Comments
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Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website Baidu.com.