Baidu, Inc. (NASDAQ:BIDU) – Stock analysts at Oppenheimer boosted their Q4 2020 earnings estimates for shares of Baidu in a report released on Tuesday, November 17th. Oppenheimer analyst J. Helfstein now forecasts that the information services provider will post earnings of $1.54 per share for the quarter, up from their previous forecast of $0.73. Oppenheimer also issued estimates for Baidu’s FY2021 earnings at $6.69 EPS and FY2022 earnings at $7.60 EPS.
A number of other analysts have also weighed in on BIDU. Zacks Investment Research raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Monday, October 19th. BidaskClub raised shares of Baidu from a “strong sell” rating to a “sell” rating in a report on Friday, October 23rd. KeyCorp raised their price target on shares of Baidu from $182.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday. Loop Capital lifted their target price on shares of Baidu from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, November 3rd. They noted that the move was a valuation call. Finally, Barclays lifted their target price on shares of Baidu from $170.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $155.08.
Shares of Baidu stock opened at $136.48 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.85 and a quick ratio of 2.85. The firm has a market cap of $47.20 billion, a P/E ratio of 13.73 and a beta of 1.11. The firm has a 50 day simple moving average of $134.12 and a 200 day simple moving average of $122.32. Baidu has a fifty-two week low of $82.00 and a fifty-two week high of $151.18.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new stake in Baidu in the 2nd quarter valued at $2,622,000. Valeo Financial Advisors LLC lifted its position in Baidu by 35.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 717 shares of the information services provider’s stock worth $91,000 after buying an additional 187 shares in the last quarter. Prudential Financial Inc. lifted its position in Baidu by 38.1% during the 2nd quarter. Prudential Financial Inc. now owns 81,500 shares of the information services provider’s stock worth $9,771,000 after buying an additional 22,500 shares in the last quarter. State of Wisconsin Investment Board bought a new stake in Baidu during the 2nd quarter worth about $15,289,000. Finally, Nordea Investment Management AB lifted its position in Baidu by 89.0% during the 2nd quarter. Nordea Investment Management AB now owns 102,156 shares of the information services provider’s stock worth $12,428,000 after buying an additional 48,112 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors and hedge funds.
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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