Baidu, Inc. (NASDAQ:BIDU - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 3,989,057 shares were traded during trading, a decline of 18% from the previous session's volume of 4,876,077 shares.The stock last traded at $89.00 and had previously closed at $89.34.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on BIDU shares. Citigroup reduced their price target on shares of Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday. Benchmark reduced their price target on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday. Nomura downgraded shares of Baidu from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Macquarie reiterated a "neutral" rating on shares of Baidu in a research report on Wednesday. Finally, Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $107.82.
Get Our Latest Stock Report on BIDU
Baidu Price Performance
The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a market capitalization of $28.95 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 2.96 and a beta of 0.37. The company has a 50-day moving average of $87.96 and a 200-day moving average of $87.80.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Integrity Alliance LLC. acquired a new position in Baidu in the 1st quarter valued at $247,000. Empowered Funds LLC acquired a new position in Baidu in the 1st quarter valued at $334,000. Sender Co & Partners Inc. acquired a new position in Baidu in the 1st quarter valued at $560,000. NewEdge Advisors LLC raised its holdings in Baidu by 39,363.0% in the 1st quarter. NewEdge Advisors LLC now owns 21,310 shares of the information services provider's stock valued at $1,961,000 after acquiring an additional 21,256 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Baidu by 28.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,787 shares of the information services provider's stock valued at $717,000 after acquiring an additional 1,705 shares during the last quarter.
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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