Baidu (NASDAQ:BIDU) Sees Large Volume Increase

Shares of Baidu, Inc. (NASDAQ:BIDU) saw unusually-high trading volume on Tuesday . Approximately 1,374,739 shares were traded during mid-day trading, a decline of 58% from the previous session’s volume of 3,312,208 shares.The stock last traded at $92.36 and had previously closed at $88.28.

Analyst Upgrades and Downgrades

BIDU has been the subject of a number of research reports. HSBC cut Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday. Susquehanna dropped their price target on Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a research note on Thursday, September 5th. Benchmark dropped their price target on Baidu from $180.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Loop Capital dropped their price target on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Finally, Jefferies Financial Group lowered their target price on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Baidu has an average rating of “Moderate Buy” and a consensus price target of $132.13.

Baidu Stock Performance

The company has a 50-day moving average price of $86.18 and a two-hundred day moving average price of $95.14. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $32.88 billion, a P/E ratio of 11.82 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in shares of Baidu in the 4th quarter valued at about $232,000. Trexquant Investment LP acquired a new stake in shares of Baidu in the 4th quarter valued at about $1,476,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Baidu by 51.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,496 shares of the information services provider’s stock valued at $2,322,000 after buying an additional 6,601 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Baidu by 11.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 7,615 shares of the information services provider’s stock valued at $898,000 after buying an additional 776 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Baidu by 139.3% in the 4th quarter. Hsbc Holdings PLC now owns 536,748 shares of the information services provider’s stock valued at $63,907,000 after buying an additional 312,467 shares during the period.

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.