Baidu (NASDAQ:BIDU) shares gapped down before the market opened on Monday . The stock had previously closed at $243.64, but opened at $253.01. Baidu shares last traded at $243.57, with a volume of 10970198 shares changing hands.
A number of research analysts have recently commented on BIDU shares. BidaskClub lowered shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Jefferies Group lowered shares of Baidu from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Barclays boosted their price target on shares of Baidu from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Nomura lowered shares of Baidu from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, OTR Global lowered shares of Baidu to a “positive” rating in a research report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $281.40.
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The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $87.73 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.37 and a beta of 1.87.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comgest Global Investors S.A.S. lifted its stake in Baidu by 5.7% in the fourth quarter. Comgest Global Investors S.A.S. now owns 3,079,180 shares of the information services provider’s stock worth $721,174,000 after purchasing an additional 166,800 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Baidu by 4.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,038,645 shares of the information services provider’s stock worth $711,681,000 after purchasing an additional 130,474 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Baidu by 1.5% in the first quarter. OppenheimerFunds Inc. now owns 2,568,292 shares of the information services provider’s stock worth $573,216,000 after purchasing an additional 39,055 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Baidu by 1.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,926,557 shares of the information services provider’s stock worth $429,989,000 after purchasing an additional 33,742 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Baidu by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock worth $414,663,000 after purchasing an additional 48,476 shares during the last quarter. 61.28% of the stock is owned by institutional investors.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
