The premier social media company of China, Baidu Inc (ADR) (NASDAQ:BIDU) has been reported to have downsized its IPO for its popular microblogging site, Weibo. Baidu, which has recently won a case in US, filed against it for suppressing the democratic rights of citizens through its regulations on censorship of content, has filed for an IPO of about $437 million for Weibo, as opposed to the $500 it was being expected to. Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $147.96 moved to $149.46 on last trade day and at the end of the day closed at $143.51. Company price to sales ratio in past twelve months was calculated as 9.78 and price to cash ratio as 8.13. Baidu Inc (ADR) (NASDAQ:BIDU) showed a negative weekly performance of -5.75%.
SouFun Holdings Limited (ADR) (NYSE:SFUN)’s shares declined 2.89% to $13.05. The company on Apr. 7 reminds investors that the previously announced change in the ratio of its American Depositary Receipts representing Class A ordinary shares from one (1) American depositary share (“ADS”) for one (1) Class A ordinary shares to five (5) ADS for one (1) Class A ordinary share is effective today, April 7, 2014. SouFun Holdings Ltd (NYSE:SFUN) shares fell -4.82% in last trading session and ended the day on $12.79. SFUN return on equity ratio is recorded as 93.90% and its return on assets is 25.80%. SouFun Holdings Ltd (NYSE:SFUN) yearly performance is 187.42%.
Yelp Inc (NYSE:YELP)’s shares jumped 2.54% to $67.43. Yelp’s stock was upgraded to Outperform from Perform at Oppenheimer on Apr. 7 with a $78 price target citing the recent pullback in shares. Opco sees an attractive risk/reward profile at current levels. Yelp Inc (NYSE:YELP) shares moved up 0.36% in last trading session and was closed at $66.00 while trading in range of $63.70 – $69.50 – Yelp Inc (NYSE:YELP) year to date (YTD) performance is -4.28%.
Youku Tudou Inc (ADR) (NYSE:YOKU) is down 6.84% to $25.61 as it continues to fall after news the China-base online television company’s TV drama viewership for the first quarter fell significantly. Youku Tudou Inc (ADR) (NYSE:YOKU) weekly performance is -14.02%. On last trading day company shares ended up $24.11. Youku Tudou Inc (ADR) (NYSE:YOKU) distance from 50-day simple moving average (SMA50) is -19.85%. Analysts mean target price for the company is $187.57.