Baidu, Inc. (NASDAQ:BIDU – Get Free Report) saw strong trading volume on Monday . 4,200,156 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 3,446,226 shares.The stock last traded at $110.17 and had previously closed at $105.17.
Wall Street Analyst Weigh In
A number of research firms recently commented on BIDU. HSBC cut shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Tuesday, September 24th. Sanford C. Bernstein downgraded shares of Baidu from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $130.00 to $97.00 in a report on Friday, August 23rd. Loop Capital cut their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Susquehanna lowered their price target on Baidu from $135.00 to $105.00 and set a “positive” rating for the company in a research report on Thursday, September 5th. Finally, Jefferies Financial Group decreased their target price on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.13.
Get Our Latest Analysis on Baidu
Baidu Price Performance
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BIDU. Crossmark Global Holdings Inc. raised its position in Baidu by 0.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock valued at $3,498,000 after purchasing an additional 99 shares in the last quarter. Guinness Asset Management LTD increased its position in shares of Baidu by 4.4% in the 2nd quarter. Guinness Asset Management LTD now owns 2,360 shares of the information services provider’s stock valued at $204,000 after purchasing an additional 100 shares during the last quarter. Beacon Financial Group raised its holdings in shares of Baidu by 7.2% in the 4th quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 128 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Baidu by 3.8% during the 1st 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. Finally, Blue Trust Inc. increased its holdings in Baidu by 9.0% in the second quarter. Blue Trust Inc. now owns 2,078 shares of the information services provider’s stock valued at $180,000 after buying an additional 171 shares during the last quarter.
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.
Recommended Stories
- Five stocks we like better than Baidu
- The Basics of Support and Resistance
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- Which Wall Street Analysts are the Most Accurate?
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- Are Penny Stocks a Good Fit for Your Portfolio?
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.