Baidu, Inc. (NASDAQ:BIDU - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $97.48, but opened at $92.79. Baidu shares last traded at $90.17, with a volume of 5,074,413 shares traded.
Analyst Ratings Changes
A number of analysts have recently weighed in on BIDU shares. Barclays raised their price objective on Baidu from $83.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Mizuho raised their price objective on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday. JPMorgan Chase & Co. cut Baidu from an "overweight" rating to a "neutral" rating in a research report on Wednesday, November 27th. Citigroup lowered their price objective on Baidu from $142.00 to $141.00 and set a "buy" rating for the company in a research report on Friday, November 29th. Finally, Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Baidu presently has a consensus rating of "Hold" and an average price target of $111.25.
Check Out Our Latest Stock Report on BIDU
Baidu Price Performance
The stock has a 50 day simple moving average of $87.08 and a two-hundred day simple moving average of $88.83. The firm has a market cap of $31.97 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.
Hedge Funds Weigh In On Baidu
Institutional investors have recently modified their holdings of the stock. Rialto Wealth Management LLC purchased a new position in shares of Baidu during the 4th quarter valued at about $42,000. Sycomore Asset Management acquired a new stake in shares of Baidu during the 4th quarter valued at about $51,000. GeoWealth Management LLC grew its position in shares of Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after acquiring an additional 308 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock valued at $72,000 after acquiring an additional 593 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Baidu during the 3rd quarter valued at about $72,000.
Baidu Company Profile
(
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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