Baidu Inc (NASDAQ:BIDU) – Research analysts at KeyCorp reduced their Q4 2021 EPS estimates for shares of Baidu in a report issued on Wednesday, June 24th. KeyCorp analyst H. Chung now forecasts that the information services provider will earn $2.45 per share for the quarter, down from their prior estimate of $2.47. KeyCorp has a “Overweight” rating and a $147.00 price target on the stock.

BIDU has been the topic of several other research reports. BidaskClub upgraded Baidu from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 20th. Barclays dropped their target price on Baidu from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Zacks Investment Research upgraded Baidu from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Bank of America increased their target price on Baidu from $183.00 to $191.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, HSBC increased their target price on Baidu from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $143.61.

NASDAQ:BIDU opened at $121.29 on Monday. The company has a market cap of $41.80 billion, a P/E ratio of 120.09, a P/E/G ratio of 5.35 and a beta of 1.42. The stock’s fifty day moving average price is $111.60 and its two-hundred day moving average price is $115.70. Baidu has a 1 year low of $82.00 and a 1 year high of $147.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.95 and a quick ratio of 2.95.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in Baidu by 8.3% in the first quarter. Parallel Advisors LLC now owns 1,537 shares of the information services provider’s stock valued at $154,000 after acquiring an additional 118 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Baidu by 1.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,651 shares of the information services provider’s stock valued at $1,275,000 after acquiring an additional 128 shares during the last quarter. Assetmark Inc. increased its stake in Baidu by 93.4% in the fourth quarter. Assetmark Inc. now owns 292 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 141 shares during the last quarter. ETRADE Capital Management LLC increased its stake in Baidu by 6.3% in the first quarter. ETRADE Capital Management LLC now owns 2,615 shares of the information services provider’s stock valued at $264,000 after acquiring an additional 156 shares during the last quarter. Finally, American Beacon Advisors Inc. increased its stake in Baidu by 52.3% in the first quarter. American Beacon Advisors Inc. now owns 457 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 157 shares during the last quarter. 53.38% of the stock is currently owned by institutional investors and hedge funds.

Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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