A look into Baidu Inc. (BIDU)’s deeper side

Baidu Inc. (NASDAQ: BIDU) stock jumped 2.02% on Wednesday to $97.00 against a previous-day closing price of $95.08. With 3.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.33 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $98.64 whereas the lowest price it dropped to was $95.27. The 52-week range on BIDU shows that it touched its highest point at $171.87 and its lowest point at $73.58 during that stretch. It currently has a 1-year price target of $174.69. Beta for the stock currently stands at 0.59.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIDU was up-trending over the past week, with a rise of 2.37%, but this was up by 19.44% over a month. Three-month performance dropped to -35.77% while six-month performance fell -18.71%. The stock lost -35.54% in the past year, while it has lost -34.81% so far this year. A look at the trailing 12-month EPS for BIDU yields -5.04 with Next year EPS estimates of 64.81. For the next quarter, that number is 15.29. This implies an EPS growth rate of -56.80% for this year and 10.69% for next year. EPS is expected to grow by 5.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.50%.

Float and Shares Shorts:

At present, 345.55 million BIDU shares are outstanding with a float of 271.88 million shares on hand for trading. On Oct 13, 2022, short shares totaled 7.43 million, which was 2.15% higher than short shares on Sep 14, 2022. In addition to Mr. Yanhong Li as the firm’s Co-Founder, Chairman & CEO, Mr. Rong Luo serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 36.52% of BIDU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 20.04% of BIDU, in contrast to 11.73% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BIDU with 3.36% of the stake, PRIMECAP Management Co. holds 9,540,279 shares worth 9,540,279. A second-largest stockholder of BIDU, Dodge & Cox, holds 6,743,055 shares, controlling over 2.38% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in BIDU, holding 3,521,566 shares or 1.24% stake. With a 1.90% stake in BIDU, the Vanguard PRIMECAP Fund is the largest stakeholder. A total of 5,378,248 shares are owned by the mutual fund manager. The Dodge & Cox International Stock F, which owns about 1.58% of BIDU stock, is the second-largest Mutual Fund holder. It holds 4,466,425 shares valued at 341.99 million. Government Pension Fund – Global holds 1.04% of the stake in BIDU, owning 2,958,954 shares worth 226.57 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIDU since 47 analysts follow the stock currently. There are 35 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 5 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIDU analysts setting a high price target of $1,699.21 and a low target of $652.47, the average target price over the next 12 months is $1,198.63. Based on these targets, BIDU could surge 1651.76% to reach the target high and rise by 572.65% to reach the target low. Reaching the average price target will result in a growth of 1135.7% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BIDU will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $69.44 being high and $51.34 being low. For BIDU, this leads to a yearly average estimate of $58.91. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Baidu Inc. surprised analysts by $0.21 when it reported $2.36 EPS against a consensus estimate of $2.15. The surprise factor in the prior quarter was $0.75. Based on analyst estimates, the high estimate for the next quarter is $19.81 and the low estimate is $11.73. The average estimate for the next quarter is thus $15.64.

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