Baidu Inc. (NASDAQ:BIDU) shares traded -4.43% lower at $124.74 on Wall Street last session.
In accordance with the data, 54 analysts cover Baidu Inc. (NASDAQ:BIDU). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1629.62 and a low of $710.12, we find $1241.85. Given the previous closing price of $130.52, this indicates a potential upside of 851.46 percent. BIDU stock price is now -7.24% away from the 50-day moving average and -0.37% away from the 200-day moving average. The market capitalization of the company currently stands at $45.10B.
It has been rated a hold by 6 analysts and a buy by 40. Brokers who have rated the stock have averaged $1249.39 as their price target over the next twelve months.
With the price target maintained at $160, Bernstein recently Upgraded its rating from Mkt Perform to Outperform for Baidu Inc. (NASDAQ: BIDU). On April 21, 2023, UBS reiterated its ‘Buy’ rating on the stock by increasing its target price from $185 to quote $180, while ‘JP Morgan’ rates the stock as ‘Overweight’.
A total of 15.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BIDU stock. A new stake in Baidu Inc. shares was purchased by RWC ASSET ADVISORS (US) LLC during the first quarter worth $139,757,000. POLAR CAPITAL HOLDINGS PLC invested $71,878,000 in shares of BIDU during the first quarter. In the first quarter, CONTRARIUS INVESTMENT MANAGEMENT LTD acquired a new stake in Baidu Inc. valued at approximately $54,289,000. HHLR ADVISORS, LTD. acquired a new stake in BIDU for approximately $50,632,000. ASPEX MANAGEMENT (HK) LTD purchased a new stake in BIDU valued at around $45,759,000 in the second quarter. In total, there are 777 active investors with 31.90% ownership of the company’s stock.
Baidu Inc. (NASDAQ: BIDU) opened at $128.88 on Thursday. During the past 12 months, Baidu Inc. has had a low of $73.58 and a high of $160.88. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.70, and a quick ratio of 2.70. According to the stock market information, the enterprise value for the company is $36.17B, which is based on a 44.11 price-to-earnings ratio, a 7.50 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for BIDU is $134.13 and a two-hundred day moving average price translates $125.16 for the stock.
The latest earnings results from Baidu Inc. (NASDAQ: BIDU) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $2.31, beating analysts’ expectations of $1.79 by 0.52. This compares to -$0.34 EPS in the same period last year. The net profit margin was 5.60% and return on equity was 3.20% for BIDU. The company reported revenue of $4.54 billion for the quarter, compared to $4.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.18 percent. For the current quarter, analysts expect BIDU to generate $4.78B in revenue.
Baidu Inc.(BIDU) Company Profile
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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app. It also provides Baidu Knows, an online community where users can ask questions to other users; Baidu Wiki; Baidu Experience; Baidu Post; Baidu Wenku; Baidu Maps, a voice-enabled mobile app that provides travel-related services; Baidu Drive; Baijiahao; and DuerOS, a smart assistant platform. In addition, it offers online marketing services, which include pay for performance, an auction-based services that allow customers to bid for priority placement of paid sponsored links and reach users who search for information related to their products or services; other marketing services that include display-based marketing services and other online marketing services based on performance criteria other than cost per click; mobile ecosystem, a portfolio of apps, including Baidu App, Haokan, and Baidu Post; various cloud services and solutions, such as platform as a service, software as a service, and infrastructure as a service; self-driving services, including maps, automated valet parking, navigation pilot, electric vehicles, and robotaxi fleets, as well as Xiaodu smart devices. Further, the company provides iQIYI, an online entertainment service, including original and licensed content; other video content and membership; and online advertising services. Baidu, Inc. has strategic partnership with Zhejiang Geely Holding Group. The company was formerly known as Baidu.com, Inc. Baidu, Inc. was incorporated in 2000 and is headquartered in Beijing, China.