Momentum Stocks: Baidu Inc. (NASDAQ:BIDU), SINA Corp (NASDAQ:SINA), YY Inc. (ADR) (NASDAQ:YY), 58.com Inc. (NYSE:WUBA)

Search engine giant Baidu Inc. (ADR) (NASDAQ:BIDU) has thrown its hat in the third-party payment arena with the launch on April 15 of Baidu Wallet. Baidu Inc. (ADR) (NASDAQ:BIDU) shares after opening at $159.29 moved to $159.50 on last trade day and at the end of the day closed at $157.23. Company price to sales ratio in past twelve months was calculated as 10.71 and price to cash ratio as 8.90. Baidu Inc. (ADR) (NASDAQ:BIDU) showed a negative weekly performance of -0.29%.

Beijing-based SINA Corp (NASDAQ:SINA) is due to debut this week in New York through an initial public offering (IPO) that seeks to raise at least $340 million. SINA Corp (NASDAQ:SINA) shares fell -0.19% in last trading session and ended the day on $52.99. SINA return on equity ratio is recorded as 3.90% and its return on assets is 2.10%. SINA Corp (NASDAQ:SINA) yearly performance is 12.89%.

YY Inc. (ADR) (NASDAQ:YY) very impressive revenue growth greatly exceeded the industry average of 16.1%. Since the same quarter one year prior, revenues leaped by 136.9%. Growth in the company’s revenue appears to have helped boost the earnings per share. YY Inc. (ADR) (NASDAQ:YY) shares moved up 2.09% in last trading session and was closed at $64.97, while trading in range of $62.91 – $67.35. YY Inc. (ADR) (NASDAQ:YY) year to date (YTD) performance is 29.22%.

58.com Inc. (NYSE:WUBA) on 28 march announced that the previously announced registered follow-on public offering of American depositary shares (“ADSs”) by the Company and certain selling shareholders was priced at US$38.00 per ADS. 58.com Inc. (ADR) (NYSE:WUBA) weekly performance is -9.23%. On last trading day company shares ended up $42.69. 58.com Inc. (ADR) (NYSE:WUBA) distance from 50-day simple moving average (SMA50) is -1.96%. Analysts mean target price for the company is $49.90.