Equities analysts expect that Baidu Inc (NASDAQ:BIDU) will post sales of $3.86 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Baidu’s earnings, with estimates ranging from $3.75 billion to $4.03 billion. Baidu posted sales of $3.62 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The business is expected to issue its next earnings results on Tuesday, February 12th.
On average, analysts expect that Baidu will report full year sales of $15.13 billion for the current financial year, with estimates ranging from $14.64 billion to $15.62 billion. For the next financial year, analysts forecast that the company will report sales of $17.32 billion, with estimates ranging from $15.66 billion to $18.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Baidu.
A number of equities analysts have recently issued reports on the company. Barclays set a $250.00 price target on Baidu and gave the stock a “hold” rating in a research report on Thursday, October 18th. ValuEngine downgraded Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BidaskClub raised Baidu from a “strong sell” rating to a “sell” rating in a research report on Friday, September 14th. Susquehanna Bancshares assumed coverage on Baidu in a research report on Friday, September 7th. They set a “positive” rating and a $325.00 price target on the stock. Finally, Citigroup reduced their price target on Baidu from $295.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, October 12th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Baidu has an average rating of “Buy” and an average target price of $277.15.
A number of large investors have recently bought and sold shares of the business. BB&T Securities LLC boosted its holdings in Baidu by 0.6% in the second quarter. BB&T Securities LLC now owns 40,891 shares of the information services provider’s stock valued at $9,936,000 after purchasing an additional 239 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Baidu by 5.3% in the third quarter. Wetherby Asset Management Inc. now owns 5,188 shares of the information services provider’s stock valued at $1,186,000 after purchasing an additional 261 shares during the last quarter. Atria Investments LLC boosted its holdings in Baidu by 4.5% in the third quarter. Atria Investments LLC now owns 6,211 shares of the information services provider’s stock valued at $1,420,000 after purchasing an additional 267 shares during the last quarter. IFP Advisors Inc boosted its holdings in Baidu by 13.3% in the third quarter. IFP Advisors Inc now owns 2,421 shares of the information services provider’s stock valued at $554,000 after purchasing an additional 285 shares during the last quarter. Finally, KCS Wealth Advisory boosted its holdings in Baidu by 8.4% in the third quarter. KCS Wealth Advisory now owns 3,748 shares of the information services provider’s stock valued at $857,000 after purchasing an additional 290 shares during the last quarter. 60.81% of the stock is currently owned by institutional investors.
Shares of BIDU stock traded down $1.14 during trading hours on Monday, reaching $179.56. 2,852,213 shares of the company’s stock were exchanged, compared to its average volume of 2,569,895. 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. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24. Baidu has a fifty-two week low of $174.66 and a fifty-two week high of $284.22.
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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