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.
Institutional Ownership:
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.
Analysts Ratings:
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.
