Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Baidu ( BIDU) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.6%. By the end of trading, Baidu rose $4.14 (2.4%) to $179.66 on average volume. Throughout the day, 3,311,563 shares of Baidu exchanged hands as compared to its average daily volume of 3,658,000 shares. The stock ranged in a price between $176.61-$180.22 after having opened the day at $178.90 as compared to the previous trading day's close of $175.52. Other companies within the Internet industry that increased today were: Innodata ( INOD), up 7.4%, TheStreet ( TST), up 6.6%, Bitauto Holdings ( BITA), up 5.9% and MeetMe ( MEET), up 5.8%.
Baidu, Inc. provides Chinese language Internet search services. It also offers a Chinese language search platform for businesses to reach their customers. Baidu has a market cap of $63.6 billion and is part of the technology sector. The company has a P/E ratio of 34.3, above the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Baidu a buy, no analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.