Baidu, Inc. (NASDAQ:BIDU) Short Interest Up 44.0% in July

Key Points

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Baidu, Inc. (NASDAQ:BIDU - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 8,180,000 shares, agrowthof44.0% from the July 15th total of 5,680,000 shares. Approximately2.9% of the company's stock are sold short. Based on an average daily volume of 3,480,000 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 3,480,000 shares, the short-interest ratio is currently 2.4 days. Approximately2.9% of the company's stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BIDU. Creekmur Asset Management LLC acquired a new position in shares of Baidu during the first quarter valued at about $29,000. Binnacle Investments Inc acquired a new position in shares of Baidu during the second quarter valued at about $29,000. Assetmark Inc. raised its position in shares of Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock valued at $30,000 after buying an additional 192 shares during the last quarter. UMB Bank n.a. raised its position in shares of Baidu by 80.3% during the first quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after buying an additional 179 shares during the last quarter. Finally, Winthrop Capital Management LLC acquired a new position in shares of Baidu during the second quarter valued at about $39,000.

Baidu Stock Up 0.3%

Baidu stock opened at $90.13 on Tuesday. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 8.94 and a beta of 0.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.29 and a quick ratio of 2.29. Baidu has a fifty-two week low of $74.71 and a fifty-two week high of $116.25. The firm has a fifty day moving average price of $87.64 and a two-hundred day moving average price of $88.45.

Analyst Ratings Changes

BIDU has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price objective on shares of Baidu from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Macquarie reiterated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Benchmark decreased their price objective on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Citigroup upped their price objective on shares of Baidu from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Barclays decreased their price objective on shares of Baidu from $84.00 to $81.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Baidu has an average rating of "Hold" and a consensus price target of $105.09.

About Baidu

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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