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

Baidu Inc (NASDAQ:BIDU) shares reached 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.

A number of research analysts recently issued reports on BIDU shares. BidaskClub downgraded Baidu from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th. Zacks Investment Research downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. ValuEngine downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Credit Suisse Group set a $246.00 price target on Baidu and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, UBS Group set a $220.00 price target on Baidu and gave the stock a “buy” rating in a research note on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Baidu has an average rating of “Buy” and a consensus target price of $277.15.

The company has a market cap of $63.34 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 0.97 and a beta of 1.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.66 and a quick ratio of 2.66.



Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its stake in shares of Baidu by 29.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 328,537 shares of the information services provider’s stock valued at $79,835,000 after purchasing an additional 74,585 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Baidu by 21.4% in the 3rd quarter. MML Investors Services LLC now owns 14,747 shares of the information services provider’s stock valued at $3,372,000 after buying an additional 2,604 shares during the period. Marshall Wace LLP lifted its holdings in shares of Baidu by 6,361.9% in the 2nd quarter. Marshall Wace LLP now owns 96,735 shares of the information services provider’s stock valued at $23,507,000 after buying an additional 95,238 shares during the period. Guinness Asset Management Ltd lifted its holdings in shares of Baidu by 11.6% in the 2nd quarter. Guinness Asset Management Ltd now owns 26,840 shares of the information services provider’s stock valued at $6,523,000 after buying an additional 2,800 shares during the period. Finally, HL Financial Services LLC lifted its holdings in shares of Baidu by 58.9% in the 3rd quarter. HL Financial Services LLC now owns 3,382 shares of the information services provider’s stock valued at $773,000 after buying an additional 1,253 shares during the period. Institutional investors own 60.81% of the company’s stock.

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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.

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