Baidu (NASDAQ:BIDU) Shares Gap Up to $100.52

Baidu, Inc. (NASDAQ:BIDU)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $100.52, but opened at $104.88. Baidu shares last traded at $105.35, with a volume of 2,753,738 shares traded.

Wall Street Analyst Weigh In

BIDU has been the subject of a number of research reports. Barclays lowered their price target on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Citigroup dropped their price target on Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. HSBC decreased their price objective on Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a report on Saturday, March 23rd. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Baidu has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Baidu Stock Down 2.6 %

The company’s fifty day simple moving average is $103.00 and its 200-day simple moving average is $108.24. The firm has a market capitalization of $36.26 billion, a PE ratio of 13.39 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BIDU. Bruce G. Allen Investments LLC acquired a new stake in shares of Baidu during the fourth quarter worth $25,000. Newbridge Financial Services Group Inc. purchased a new position in Baidu in the 1st quarter worth $32,000. Headinvest LLC acquired a new stake in Baidu during the 3rd quarter worth about $36,000. FNY Investment Advisers LLC acquired a new stake in Baidu during the 4th quarter worth about $42,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Baidu during the 4th quarter valued at about $48,000.

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.