Baidu, Inc. (NASDAQ:BIDU - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $117.05 and last traded at $114.68, with a volume of 513200 shares traded. The stock had previously closed at $111.82.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BIDU. Wall Street Zen cut shares of Baidu from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Susquehanna upped their target price on Baidu from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Benchmark decreased their price target on Baidu from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Macquarie reaffirmed a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st. Finally, Jefferies Financial Group decreased their price target on shares of Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Baidu currently has a consensus rating of "Hold" and an average target price of $104.00.
View Our Latest Stock Analysis on Baidu
Baidu Price Performance
The company has a market capitalization of $39.40 billion, a P/E ratio of 10.51 and a beta of 0.34. The stock's fifty day simple moving average is $91.42 and its 200-day simple moving average is $89.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.85.
Institutional Trading of Baidu
Institutional investors and hedge funds have recently modified their holdings of the company. Marex Group plc acquired a new position in shares of Baidu in the 2nd quarter worth approximately $7,200,000. Nomura Holdings Inc. raised its stake in Baidu by 371.4% during the second quarter. Nomura Holdings Inc. now owns 87,448 shares of the information services provider's stock worth $7,500,000 after acquiring an additional 119,671 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Baidu by 11.7% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 167,582 shares of the information services provider's stock valued at $14,370,000 after purchasing an additional 17,575 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Baidu by 4,715.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,543 shares of the information services provider's stock worth $1,247,000 after purchasing an additional 14,241 shares in the last quarter. Finally, Binnacle Investments Inc acquired a new stake in shares of Baidu during the second quarter worth approximately $29,000.
About Baidu
(
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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