Baidu Inc (NASDAQ:BIDU) – Equities research analysts at Oppenheimer upped their Q4 2017 earnings per share estimates for Baidu in a research note issued on Wednesday, according to Zacks Investment Research. Oppenheimer analyst J. Helfstein now anticipates that the information services provider will post earnings per share of $1.66 for the quarter, up from their previous forecast of $1.52. Oppenheimer has a “Outperform” rating and a $295.00 price objective on the stock. Oppenheimer also issued estimates for Baidu’s FY2018 earnings at $6.84 EPS, FY2019 earnings at $9.94 EPS and FY2020 earnings at $10.70 EPS.
A number of other research firms have also recently issued reports on BIDU. Barclays set a $250.00 target price on shares of Baidu and gave the company a “hold” rating in a research note on Thursday, October 19th. UBS Group upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Jefferies Group lifted their target price on shares of Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 20th. OTR Global upgraded shares of Baidu to a “positive” rating in a research note on Wednesday, October 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $200.00 target price (down previously from $275.00) on shares of Baidu in a research note on Monday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $234.77.
Baidu (NASDAQ:BIDU) traded up $1.27 during trading hours on Monday, hitting $250.22. 1,729,800 shares of the stock were exchanged, compared to its average volume of 2,270,000. Baidu has a 52 week low of $166.00 and a 52 week high of $274.97. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $86,880.00, a PE ratio of 35.69, a P/E/G ratio of 1.48 and a beta of 1.89.
Several hedge funds have recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Baidu by 1.9% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 1,809 shares of the information services provider’s stock valued at $324,000 after buying an additional 33 shares during the period. Mosaic Family Wealth LLC grew its holdings in shares of Baidu by 2.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,237 shares of the information services provider’s stock valued at $221,000 after buying an additional 33 shares during the period. Norinchukin Bank The grew its holdings in shares of Baidu by 0.7% in the 2nd quarter. Norinchukin Bank The now owns 8,496 shares of the information services provider’s stock valued at $1,520,000 after buying an additional 58 shares during the period. San Francisco Sentry Investment Group CA grew its holdings in shares of Baidu by 5.4% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 1,365 shares of the information services provider’s stock valued at $244,000 after buying an additional 70 shares during the period. Finally, MAI Capital Management grew its holdings in shares of Baidu by 0.4% in the 2nd quarter. MAI Capital Management now owns 16,716 shares of the information services provider’s stock valued at $2,990,000 after buying an additional 71 shares during the period. 63.95% of the stock is owned by institutional investors.
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Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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