Baidu (NASDAQ:BIDU) Stock Price Down 3.9%

Shares of Baidu, Inc. (NASDAQ:BIDUGet Rating) were down 3.9% on Tuesday . The company traded as low as $120.61 and last traded at $121.75. Approximately 42,745 shares changed hands during trading, a decline of 99% from the average daily volume of 4,222,066 shares. The stock had previously closed at $126.73.

A number of equities research analysts recently weighed in on BIDU shares. Susquehanna lifted their target price on Baidu from $175.00 to $200.00 and gave the stock a “positive” rating in a research report on Thursday, March 3rd. Citigroup lifted their target price on Baidu from $229.00 to $254.00 in a research report on Wednesday, March 2nd. Jefferies Financial Group decreased their target price on Baidu from $272.00 to $270.00 in a research report on Thursday, April 7th. StockNews.com started coverage on Baidu in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group started coverage on Baidu in a report on Sunday, April 10th. They set a “buy” rating and a $240.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Baidu currently has a consensus rating of “Buy” and an average price target of $252.28.

The firm’s 50-day simple moving average is $145.97 and its 200 day simple moving average is $152.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.86 and a current ratio of 2.86. The company has a market cap of $43.86 billion, a P/E ratio of 29.28, a PEG ratio of 14.01 and a beta of 0.92.

Institutional investors have recently modified their holdings of the stock. Monolith Advisors acquired a new stake in Baidu during the 4th quarter worth $33,000. FourThought Financial LLC increased its holdings in Baidu by 112.1% during the 3rd quarter. FourThought Financial LLC now owns 227 shares of the information services provider’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Allworth Financial LP bought a new position in Baidu during the 3rd quarter worth about $36,000. Koshinski Asset Management Inc. increased its holdings in Baidu by 60.3% during the 4th quarter. Koshinski Asset Management Inc. now owns 234 shares of the information services provider’s stock worth $35,000 after purchasing an additional 88 shares in the last quarter. Finally, Concord Wealth Partners increased its holdings in Baidu by 161.0% during the 4th quarter. Concord Wealth Partners now owns 381 shares of the information services provider’s stock worth $57,000 after purchasing an additional 235 shares in the last quarter. 72.89% of the stock is currently owned by institutional investors and hedge funds.

Baidu Company Profile (NASDAQ:BIDU)

Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.

Further Reading

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