Baidu, Inc. (NASDAQ:BIDU - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $88.35, but opened at $86.40. Baidu shares last traded at $86.44, with a volume of 596,822 shares trading hands.
Analysts Set New Price Targets
BIDU has been the topic of several research analyst reports. Bank of America decreased their target price on shares of Baidu from $128.00 to $117.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Jefferies Financial Group lowered their price objective on shares of Baidu from $174.00 to $139.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lowered Baidu from an "overweight" rating to a "neutral" rating in a research report on Wednesday, November 27th. Barclays lowered Baidu from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 22nd. Finally, Mizuho reduced their price objective on Baidu from $130.00 to $115.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $113.75.
Check Out Our Latest Report on Baidu
Baidu Trading Down 3.1 %
The company has a market capitalization of $30.01 billion, a PE ratio of 10.47, a PEG ratio of 1.19 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The business's 50-day simple moving average is $89.35 and its two-hundred day simple moving average is $90.25.
Institutional Investors Weigh In On Baidu
Hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Baidu during the 3rd quarter valued at approximately $1,054,000. Fred Alger Management LLC bought a new position in Baidu during the 3rd quarter valued at $790,000. Handelsbanken Fonder AB grew its holdings in Baidu by 8.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider's stock worth $19,249,000 after acquiring an additional 15,000 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of Baidu in the 3rd quarter worth about $42,748,000. Finally, Stifel Financial Corp increased its position in shares of Baidu by 82.5% in the 3rd quarter. Stifel Financial Corp now owns 75,546 shares of the information services provider's stock worth $7,954,000 after purchasing an additional 34,145 shares during the last quarter.
About Baidu
(
Get Free Report)
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.
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