Research Report on Internet Information Providers Equities -- SouFun, Baidu, LinkedIn, and Blucora
NEW YORK, August 12, 2016 /PRNewswire/ --
Internet Information Providers includes companies that create and disseminate content online. As a result of the constant need for information and communication, Internet Information Providers' services have become indispensable in all aspects of everyday living. Today, Stock-Callers.com reviews four equities to see how they have fared at the recent close: SouFun Holdings Ltd (NYSE: SFUN), Baidu Inc. (NASDAQ: BIDU), LinkedIn Corp. (NYSE: LNKD), and Blucora Inc. (NASDAQ: BCOR). Learn more about these stocks by accessing their free research reports at:
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SouFun Holdings
On Thursday, shares in Beijing, the People's Republic of China headquartered SouFun Holdings Ltd recorded a trading volume of 1.66 million shares. The stock ended the session 0.60% higher at $5.03. The Company's shares are trading 1.12% below their 50-day moving average. Moreover, shares of SouFun Holdings, which operates a real estate Internet portal, and home furnishing and improvement Websites in the People's Republic of China, have a Relative Strength Index (RSI) of 49.87.
On August 9th, 2016, SouFun announced that it would hold its 2016 annual general meeting of shareholders in Beijing on September 8th, 2016 at 10:30 a.m. (local time). The proposals to be submitted for shareholders' approval at the annual general meeting are the re-election of Ms. Zhizhi Gong as a member of the board of directors of the Company and change of the Company's name from SouFun Holdings Limited to Fang Holdings Limited. Free research report on SFUN is available at:
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Baidu
Beijing, the People's Republic of China headquartered Baidu Inc.'s stock closed the day 1.26% higher at $167.72 and with a total trading volume of 1.55 million shares. The Company's shares have advanced 2.17% in the past month and 3.99% in the previous three months. The stock is trading 2.00% above its 50-day moving average. Additionally, shares of Baidu, which provides Internet search services in China and internationally, have an RSI of 57.90.
On July 28th, 2016, Baidu reported that total revenues in Q2 2016 were RMB18.264 billion ($2.748 billion), which reflected a 10.2% increase from the corresponding period in 2015. Net income attributable to Baidu in Q2 2016 was RMB2.414 billion ($363.2 million), representing a 34.1% decrease from the corresponding period in 2015. The company noted that Mobile search monthly active users were 667 million for the month of June 2016, an increase of 6% on y-o-y basis.
On July 29th, 2016, research firm T.H. Capital downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary research report on BIDU can be downloaded at:
http://stock-callers.com/registration/?symbol=BIDU
LinkedIn
Shares in Mountain View, California headquartered LinkedIn Corp. recorded a trading volume of 900,811 shares. The stock ended yesterday's trading session 0.10% lower at $191.80. The Company's shares have advanced 1.02% in the past month and 51.14% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.43% and 11.62%, respectively. Furthermore, shares of LinkedIn, which together with its subsidiaries, operates an online professional network worldwide, have an RSI of 52.12.
On August 4th, 2016, LinkedIn reported that GAAP net loss attributable to common stockholders was $119 million in Q2 2016, primarily driven by a non-cash charge of $101 million as a result of recording a valuation allowance for a significant portion of the company's tax assets. GAAP diluted EPS was $(0.89) compared to last year's performance of $(0.53). The company noted that Non-GAAP diluted EPS was $1.13 for Q2 2016 compared to $0.55 last year. LinkedIn's total revenue increased 31% on y-o-y basis to $933 million during the quarter. Visit us today and access our complete research report on LNKD at:
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Blucora
Bellevue, Washington headquartered Blucora Inc.'s stock finished the session 0.81% higher at $11.23 with a total volume of 467,159 shares traded. The Company's shares have advanced 32.43% over the previous three months and 14.59% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.21% and 29.28%, respectively. Additionally, shares of Blucora, which provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the US, have an RSI of 54.73.
On August 10th, 2016, Blucora announced that it has completed the sale of its Infospace business to OpenMail LLC, a privately-held data management and marketing technology company, for $45 million in cash. The Company expects to pay down more than $40 million in debt with the net proceeds of the sale of Infospace. Get free access to your research report on BCOR at:
http://stock-callers.com/registration/?symbol=BCOR
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