Baidu (NASDAQ:BIDU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a $156.10 target price on the stock. Zacks‘s price objective suggests a potential upside of 0.61% from the company’s current price. Baidu Inc (ADR) (NASDAQ:BIDU) net profit margin is 30.60% and weekly performance is 3.33%. On last trading day company shares ended up $155.39. Analysts mean target price for the company is $1304.90. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is -2.22%.
WallachBeth Capital downgraded shares of Weibo Corp (ADR) (NYSE:WB) from a buy rating to a hold rating in a report issued on Tuesday, Analyst Ratings Net reports. They currently have $2.50 target price on the stock, down from their previous target price of $4.00. Weibo Corp (ADR) (NASDAQ:WB) shares advanced 0.87% in last trading session and ended the day on $19.72. WB Gross Margin is 68.20% and its return on assets is -38.40%.
On May 14, Qihoo 360 Technology Co Ltd (NYSE:QIHU) simultaneously signed and closed definitive agreements to acquire controlling equity interests in MediaV, a precision advertising platform for PC and mobile Internet in China founded in 2009. Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares moved down -2.72% in last trading session and was closed at $80.00, while trading in range of $77.48 – $82.52. Qihoo 360 Technology Co Ltd (NYSE:QIHU) year to date (YTD) performance is -2.50%.
Qualcomm Incorporated (NASDAQ: QCOM) announced that its wholly owned subsidiary, Qualcomm Technologies, Inc. (QTI), in collaboration with Sohu.com Inc (NASDAQ:SOHU), has conducted the first announced live public demonstration of LTE-TDD Broadcast in China, featuring High Efficiency Video Coding (HEVC) and Dynamic Adaptive Streaming Over HTTP (DASH) technologies. The demo utilized devices based on Qualcomm Reference Designs by QTI featuring QTI’s Qualcomm® Snapdragon™ 400 processors and integrated Qualcomm® Gobi™ modems, and was supported by QTI’s LTE Broadcast solution for the evolved Multimedia Broadcast Multicast Service (eMBMS) platform. The demo took place during the Qualcomm Reference Design & Wireless Innovation Summit hosted by QTI in Shenzhen. Sohu.com Inc (NASDAQ:SOHU) ended the last trading day at $57.86. Company weekly volatility is calculated as 4.38% and price to cash ratio as 1.95. Sohu.com Inc (NASDAQ:SOHU) showed a positive weekly performance of 6.03%.
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