Baidu, Inc. (NASDAQ:BIDU) Short Interest Update

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 6,490,000 shares, a growth of 17.6% from the March 31st total of 5,520,000 shares. Based on an average trading volume of 3,280,000 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BIDU shares. Citigroup cut their price objective on Baidu from $181.00 to $176.00 and set a "buy" rating for the company in a report on Tuesday, April 9th. StockNews.com downgraded Baidu from a "buy" rating to a "hold" rating in a research report on Saturday, March 23rd. Barclays lowered their target price on Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a research report on Thursday, February 29th. Finally, HSBC lowered their target price on Baidu from $157.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday. One 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 currently has an average rating of "Moderate Buy" and a consensus target price of $171.64.

Baidu Price Performance

Shares of Baidu stock traded up $0.62 during trading hours on Friday, hitting $100.52. The company's stock had a trading volume of 4,816,699 shares, compared to its average volume of 2,670,415. The business has a 50 day moving average price of $103.06 and a two-hundred day moving average price of $108.55. Baidu has a 12-month low of $94.25 and a 12-month high of $156.98. The company has a market cap of $35.25 billion, a PE ratio of 13.02 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 3.01.

Hedge Funds Weigh In On Baidu

Several large investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. increased its holdings in shares of Baidu by 0.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider's stock worth $3,498,000 after purchasing an additional 99 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Baidu by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider's stock worth $239,000 after purchasing an additional 110 shares during the last quarter. CWM LLC increased its holdings in shares of Baidu by 8.7% in the third quarter. CWM LLC now owns 1,591 shares of the information services provider's stock worth $214,000 after purchasing an additional 127 shares during the last quarter. Beacon Financial Group increased its holdings in shares of Baidu by 7.2% in the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider's stock worth $226,000 after purchasing an additional 128 shares during the last quarter. Finally, Ignite Planners LLC increased its holdings in shares of Baidu by 3.8% in the first quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider's stock worth $411,000 after purchasing an additional 139 shares during the last quarter.

Baidu Company Profile

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.