Baidu (NASDAQ:BIDU) Shares Gap Up to $100.52

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $100.52, but opened at $104.88. Baidu shares last traded at $105.35, with a volume of 2,753,738 shares trading hands.

Analyst Ratings Changes

BIDU has been the topic of a number of analyst reports. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research note on Saturday, March 23rd. HSBC dropped their price objective on Baidu from $157.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. Citigroup dropped their price objective on Baidu from $181.00 to $176.00 and set a "buy" rating on the stock in a research note on Tuesday, April 9th. Finally, Barclays dropped their price objective on Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Baidu has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

Baidu Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 13.75 and a beta of 0.68. The business has a fifty day moving average of $103.04 and a two-hundred day moving average of $108.39.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bruce G. Allen Investments LLC acquired a new position in Baidu in the 4th quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new position in Baidu in the 1st quarter valued at $32,000. Headinvest LLC acquired a new position in Baidu in the 3rd quarter valued at $36,000. FNY Investment Advisers LLC acquired a new position in Baidu in the 4th quarter valued at $42,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Baidu in the 4th quarter valued at $48,000.

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.