Baidu (BIDU) Reaches New 52-Week Low at $174.66

Share on StockTwits

Baidu Inc (NASDAQ:BIDU)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $174.66 and last traded at $180.75, with a volume of 196383 shares traded. The stock had previously closed at $182.66.

BIDU has been the topic of a number of analyst reports. UBS Group set a $280.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Credit Suisse Group set a $313.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Monday, October 1st. Deutsche Bank set a $369.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Monday, October 29th. Benchmark dropped their price target on shares of Baidu from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Baidu currently has an average rating of “Buy” and an average price target of $277.15.

The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24. The company has a market cap of $62.66 billion, a PE ratio of 22.28, a PEG ratio of 0.96 and a beta of 1.60.

A number of institutional investors and hedge funds have recently bought and sold shares of BIDU. Federated Investors Inc. PA purchased a new stake in shares of Baidu during the 2nd quarter valued at about $108,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Baidu during the 2nd quarter valued at about $119,000. Toronto Dominion Bank increased its position in shares of Baidu by 5,050.0% during the 3rd quarter. Toronto Dominion Bank now owns 618 shares of the information services provider’s stock valued at $141,000 after purchasing an additional 606 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Baidu during the 2nd quarter valued at about $150,000. Finally, CENTRAL TRUST Co increased its position in shares of Baidu by 116.0% during the 3rd quarter. CENTRAL TRUST Co now owns 741 shares of the information services provider’s stock valued at $170,000 after purchasing an additional 398 shares during the last quarter. Institutional investors and hedge funds own 60.81% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/4001257/baidu-bidu-reaches-new-52-week-low-at-174-66.html.

About Baidu (NASDAQ:BIDU)

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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Featured Article: What impact do institutional investors have on markets?

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.

Latest News

Peapack-Gladstone Financial  Downgraded to “Strong Sell” at BidaskClub
Peapack-Gladstone Financial Downgraded to “Strong Sell” at BidaskClub
Bunzl  Receives Buy Rating from Shore Capital
Bunzl Receives Buy Rating from Shore Capital
First Financial  Downgraded by BidaskClub to Sell
First Financial Downgraded by BidaskClub to Sell
Masimo  Upgraded at BidaskClub
Masimo Upgraded at BidaskClub
Superdry  Shares Up 3.3% After Dividend Announcement
Superdry Shares Up 3.3% After Dividend Announcement
BlackRock Inc. Increases Position in Simmons First National Co.
BlackRock Inc. Increases Position in Simmons First National Co.


Leave a Reply

© 2006-2018 Ticker Report