Baidu Inc ADR (NASDAQ: BIDU) stock jumped 2.95% on Monday to $111.29 against a previous-day closing price of $108.10. With 3.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.19 million shares. The 52-week range on BIDU shows that it touched its highest point at $160.88 and its lowest point at $91.88 during that stretch. It currently has a 1-year price target of $173.38. Beta for the stock currently stands at 0.72.
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 3.81%, but this was up by 4.54% over a month. Three-month performance dropped to -13.30% while six-month performance fell -11.64%. The stock gained 11.76% in the past year, while it has lost -2.70% so far this year. A look at the trailing 12-month EPS for BIDU yields 6.42 with Next year EPS estimates of 10.53. For the next quarter, that number is 2.37. This implies an EPS growth rate of 21.43% for this year and 5.53% for next year. EPS is expected to grow by 12.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.70%.
Float and Shares Shorts:
At present, 276.45 million BIDU shares are outstanding with a float of 276.42 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.95 million, which was 1.13% higher than short shares on Sep 28, 2023. In addition to Mr. Yanhong Li as the firm’s Co-Founder, Chairman & CEO, Mr. Rong Luo serves as its Chief Financial Officer.
Other institutions hold 14.71% of BIDU, in contrast to 11.04% held by mutual funds. As the largest shareholder in BIDU with 3.27% of the stake, PRIMECAP Management Co. holds 9,270,554 shares worth 9,270,554. A second-largest stockholder of BIDU, Dodge & Cox, holds 3,187,015 shares, controlling over 1.12% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in BIDU, holding 2,633,850 shares or 0.93% stake. With a 1.88% stake in BIDU, the Vanguard PRIMECAP Fund is the largest stakeholder. A total of 5,322,948 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 1.10% of BIDU stock, is the second-largest Mutual Fund holder. It holds 3,118,094 shares valued at 327.4 million. Dodge & Cox International Stock F holds 0.83% of the stake in BIDU, owning 2,348,785 shares worth 246.62 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIDU since 0 analysts follow the stock currently. 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 $1,661.20 and a low target of $814.51, the average target price over the next 12 months is $1,256.60. Based on these targets, BIDU could surge 1392.68% to reach the target high and rise by 631.88% to reach the target low. Reaching the average price target will result in a growth of 1029.12% from current levels.