Chinese search leader Baidu (NASDAQ:BIDU) is trumpeting its opening of a new R&D center in Silicon Valley, becoming the latest Chinese Internet company to make such a move in the tech capital of the world. The announcement is obviously full of symbolism, since Silicon Valley is home to global search leader Google (GOOG) (GOOGL), which once tried to purchase Baidu but was rebuffed by company founder Robin Li. Baidu Inc. (ADR) (NASDAQ:BIDU) net profit margin is 30.60% and weekly performance is 5.10%. On last trading day company shares ended up $163.97. Analysts mean target price for the company is $1303.81. Baidu Inc. (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is 4.42%.
Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) the Japanese car manufacturer surprised its fans by unveiling the reworked and more powerful Nissan Nismo at an event in North Carolina. The new Nismo launched by the company has undergone many changes such as changes in its exterior designs, additional new interior features, and more efficient performance. The car’s design is inspired by GT-R, along with the functional and integrated aerodynamic structure pieces. Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) shares advanced 1.42% in last trading session and ended the day on $17.83.Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) quarterly performance is 1.65%.
Sina Corp (NASDAQ:SINA) reported Q1 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $171.5 million versus the consensus estimate of $165.03 million.
SINA Corp (NASDAQ:SINA) shares moved up 1.29% in last trading session and was closed at $47.86, while trading in range of $46.85 – $47.91. SINA Corp (NASDAQ:SINA) year to date (YTD) performance is -43.19%.
Sohu.com Inc. (NASDAQ:SOHU) wants to reintroduce “The Big Bang Theory” in China as it discusses with the government how online video companies can broadcast U.S. programs after four shows were halted last month. Sohu.com Inc. (NASDAQ:SOHU) ended the last trading day at $58.19. Company weekly volatility is calculated as 3.25% and price to cash ratio as 1.96.Sohu.com Inc. (NASDAQ:SOHU) showed a positive weekly performance of 3.61%.
Equities researchers at Matrix Group decreased their price target on shares of Qihoo 360 Technology Co (NASDAQ:QIHU) from $130.00 to $100.00 in a research report issued on Wednesday, StockRatingsNetwork.com reports. Matrix Group’s price objective would suggest a potential upside of 25.00% from the company’s current price. Qihoo 360 Technology Co Ltd (NYSE:QIHU) net profit margin is 14.90% and weekly performance is 3.23%. On last trading day company shares ended up $84.90. Analysts mean target price for the company is $132.20. Qihoo 360 Technology Co Ltd (NYSE:QIHU) distance from 50-day simple moving average (SMA50) is -8.87%.
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