Hot Stocks: Baidu Inc (ADR) (NASDAQ:BIDU), Youku Tudou Inc (NYSE:YOKU), Renren Inc (NYSE:RENN), Qihoo 360 Technology Co Ltd (NYSE:QIHU)

Posted by on May 01, 2014

IQiyi, a video site partly owned by Chinese internet giant Baidu Inc (ADR) (NASDAQ:BIDU) is set for an initial public offering in the next three years, according to a report from Bloomberg. Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $153.35 moved to $154.99 on last trade day and at the end of the day closed at $153.85 . Company price to sales ratio in past twelve months was calculated as 10.55 and price to cash ratio as 8.73. Baidu Inc (ADR) (NASDAQ:BIDU) showed a negative weekly performance of -3.45%.

Youku Tudou Inc. (ADR) (NYSE:YOKU) China’s leading Internet television company (“Youku Tudou” or the “Company”), announced that it has entered into definitive agreements with a joint investment vehicle of Alibaba Group Holding Limited (“Alibaba”) and Yunfeng Capital, pursuant to which Alibaba and Yunfeng Capital, through the joint investment vehicle, will invest an aggregate of approximately US$1.22 billion to purchase a number of Class A ordinary shares from the Company, which we estimate will be 707,250,870 newly issued shares, and 13,869,990 existing Class A ordinary shares, at a purchase price of US$1.6944 per share, corresponding to US$30.50 per American Depositary Share of the Company, each representing 18 Class A ordinary shares. Youku Tudou Inc (ADR) (NYSE:YOKU) shares fell -1.81 % in last trading session and ended the day on $22.29. YOKU return on equity ratio is recorded as -6.40% and its return on assets is -5.40%. Youku Tudou Inc (ADR) (NYSE:YOKU) yearly performance is 10.02%.

Renren Inc. (NYSE:RENN) a leading real-name social networking Internet platform in China, announced the filing of its annual report on Form 20-F for the year ended December 31, 2013 with the Securities and Exchange Commission (the “SEC”). The annual report on Form 20-F was filed with the SEC on April 29, 2014. Renren Inc (NYSE:RENN) closed at $3.29 while trading in range of $3.20 – $3.31 – Renren Inc (NYSE:RENN) year to date (YTD) performance is 7.87%.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) a leading Internet company in China, announced that it has formed a strategic partnership with Sungy Mobile Limited (“Sungy Mobile”) (GOMO), a leading provider of mobile internet products and services globally with a focus on applications and mobile platform development. Qihoo 360 will use Sungy Mobile’s international app distribution platform to introduce a wide range of mobile security and mobile utility apps, including system cleanup and battery management apps, to users in key markets, including the United States. Qihoo 360 Technology Co Ltd (NYSE:QIHU) weekly performance is -8.99%. On last trading day company shares ended up $84.38. Qihoo 360 Technology Co Ltd (NYSE:QIHU) distance from 50-day simple moving average (SMA50) is -17.16%. Analysts mean target price for the company is $130.74.

Leave a Reply

Your email address will not be published. Required fields are marked *