Baidu (NASDAQ:BIDU) Sees Unusually-High Trading Volume – Time to Buy?

Baidu, Inc. (NASDAQ:BIDUGet Free Report) saw unusually-high trading volume on Monday . Approximately 3,305,540 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 2,918,714 shares.The stock last traded at $88.50 and had previously closed at $86.40.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BIDU. Mizuho lowered their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Barclays lowered Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. Citigroup lowered their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $85.00 in a report on Monday, November 25th. Finally, Dbs Bank downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $113.75.

Read Our Latest Stock Analysis on BIDU

Baidu Stock Up 3.4 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $31.34 billion, a P/E ratio of 10.94, a PEG ratio of 1.90 and a beta of 0.46. The business’s fifty day moving average price is $84.95 and its two-hundred day moving average price is $88.72.

Institutional Trading of Baidu

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its stake in shares of Baidu by 12,065.6% during the third quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after buying an additional 1,061,893 shares during the period. Maple Rock Capital Partners Inc. acquired a new position in shares of Baidu in the third quarter valued at about $42,748,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Baidu in the third quarter worth about $36,272,000. Hhlr Advisors LTD. acquired a new stake in shares of Baidu during the third quarter worth about $31,587,000. Finally, SG Americas Securities LLC boosted its position in Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock valued at $32,161,000 after buying an additional 227,338 shares during the last quarter.

About Baidu

(Get Free Report)

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.

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