Baidu, Inc. (NASDAQ:BIDU – Get Rating)’s share price gapped up prior to trading on Friday . The stock had previously closed at $128.18, but opened at $132.62. Baidu shares last traded at $134.62, with a volume of 31,492 shares changing hands.
Analyst Ratings Changes
Several research firms have recently issued reports on BIDU. Benchmark cut their price target on Baidu from $270.00 to $200.00 in a research note on Wednesday, November 23rd. Susquehanna Bancshares decreased their price target on Baidu from $195.00 to $150.00 in a report on Wednesday, December 14th. KGI Securities lowered Baidu from an “outperform” rating to a “neutral” rating in a research report on Monday, October 24th. Citigroup dropped their price target on Baidu from $169.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, November 23rd. Finally, StockNews.com downgraded Baidu from a “buy” rating to a “hold” rating in a research note on Thursday, December 8th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Baidu presently has an average rating of “Moderate Buy” and an average target price of $177.28.
Baidu Stock Performance
The company has a 50-day moving average price of $115.08 and a two-hundred day moving average price of $120.17. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $46.91 billion, a P/E ratio of 83.28, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63.
Institutional Trading of Baidu
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.
- Get a free copy of the StockNews.com research report on Baidu (BIDU)
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