Baidu (NASDAQ:BIDU) Sees Large Volume Increase – Still a Buy?

Baidu, Inc. (NASDAQ:BIDUGet Free Report) saw unusually-strong trading volume on Monday . Approximately 3,991,747 shares changed hands during trading, an increase of 4% from the previous session’s volume of 3,853,191 shares.The stock last traded at $98.50 and had previously closed at $93.82.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Citigroup lowered their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. StockNews.com downgraded shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Monday, November 25th. Finally, Mizuho increased their target price on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.25.

View Our Latest Report on Baidu

Baidu Stock Performance

The company has a market cap of $35.89 billion, a PE ratio of 11.15, a PEG ratio of 2.96 and a beta of 0.47. The stock has a 50 day simple moving average of $88.34 and a two-hundred day simple moving average of $89.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

Institutional Investors Weigh In On Baidu

A number of institutional investors and hedge funds have recently made changes to their positions in BIDU. Atria Investments Inc purchased a new position in shares of Baidu during the third quarter worth about $216,000. Apollon Wealth Management LLC purchased a new position in shares of Baidu in the 3rd quarter valued at approximately $315,000. GSA Capital Partners LLP increased its holdings in shares of Baidu by 40.3% in the third quarter. GSA Capital Partners LLP now owns 4,859 shares of the information services provider’s stock valued at $512,000 after purchasing an additional 1,396 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Baidu by 6.9% during the third quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock worth $586,000 after purchasing an additional 357 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in Baidu by 18.9% in the 3rd quarter. Natixis Advisors LLC now owns 16,822 shares of the information services provider’s stock valued at $1,771,000 after buying an additional 2,669 shares during the last quarter.

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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