Baidu Inc (NASDAQ:BIDU) – Stock analysts at KeyCorp reduced their Q4 2021 earnings per share (EPS) estimates for shares of Baidu in a research report issued on Wednesday, June 24th. KeyCorp analyst H. Chung now forecasts that the information services provider will post earnings of $2.45 per share for the quarter, down from their previous forecast of $2.47. KeyCorp currently has a “Overweight” rating and a $147.00 price target on the stock.
BIDU has been the subject of a number of other reports. Zacks Investment Research raised Baidu from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. BOCOM International raised Baidu from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th. Barclays dropped their price target on Baidu from $150.00 to $132.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. BidaskClub raised Baidu from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 20th. Finally, Susquehanna Bancshares increased their price target on Baidu from $155.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $143.61.
Shares of Baidu stock opened at $119.89 on Monday. The stock has a 50 day moving average of $112.04 and a 200 day moving average of $115.74. Baidu has a 12 month low of $82.00 and a 12 month high of $147.38. The firm has a market cap of $41.78 billion, a PE ratio of 118.70, a PEG ratio of 5.35 and a beta of 1.42. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.35.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Procyon Private Wealth Partners LLC purchased a new position in Baidu during the 4th quarter worth $28,000. Advisory Alpha LLC increased its holdings in shares of Baidu by 1,428.6% in the 4th quarter. Advisory Alpha LLC now owns 214 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Ballast Advisors LLC purchased a new position in shares of Baidu in the 1st quarter valued at $35,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Baidu by 179.1% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 360 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 231 shares during the period. Finally, Synovus Financial Corp increased its holdings in shares of Baidu by 152.1% in the 1st quarter. Synovus Financial Corp now owns 363 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 219 shares during the period. Institutional investors own 53.38% of the company’s stock.
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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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