Baidu (NASDAQ:BIDU) Sees Unusually-High Trading Volume - Still a Buy?

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 3,871,168 shares were traded during trading, a decline of 7% from the previous session's volume of 4,184,450 shares.The stock last traded at $97.08 and had previously closed at $93.34.

Wall Street Analyst Weigh In

BIDU has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and set a $130.00 price objective on shares of Baidu in a research report on Friday, January 24th. Barclays increased their price target on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. China Renaissance downgraded shares of Baidu from a "buy" rating to a "hold" rating and set a $86.00 price target for the company. in a report on Monday, November 25th. Mizuho lowered their price target on shares of Baidu from $130.00 to $115.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Finally, Citigroup lowered their price target on shares of Baidu from $142.00 to $141.00 and set a "buy" rating for the company in a report on Friday, November 29th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $112.08.

Baidu Trading Up 0.9 %

The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm has a market cap of $34.18 billion, a P/E ratio of 11.93, a P/E/G ratio of 2.03 and a beta of 0.46. The company's 50 day simple moving average is $87.01 and its 200-day simple moving average is $88.71.

Institutional Trading of Baidu

Several institutional investors have recently added to or reduced their stakes in BIDU. International Assets Investment Management LLC increased its position in shares of Baidu by 12,065.6% during the third quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider's stock worth $1,127,330,000 after acquiring an additional 1,061,893 shares during the period. RPD Fund Management LLC purchased a new position in shares of Baidu during the fourth quarter worth approximately $72,245,000. FIL Ltd increased its position in shares of Baidu by 367.1% during the fourth quarter. FIL Ltd now owns 599,918 shares of the information services provider's stock worth $50,579,000 after acquiring an additional 471,497 shares during the period. Maple Rock Capital Partners Inc. purchased a new position in shares of Baidu during the third quarter worth approximately $42,748,000. Finally, Cantor Fitzgerald L. P. increased its position in shares of Baidu by 1,510.9% during the fourth quarter. Cantor Fitzgerald L. P. now owns 399,975 shares of the information services provider's stock worth $33,722,000 after acquiring an additional 375,145 shares during the period.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.