1 week Ago By Defense World Staff
Baidu, Inc. ( NASDAQ:BIDU – Get Free Report ) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 8,170,000 shares, a decline of 6.
1% from the November 30th total of 8,700,000 shares. Approximately 2.9% of the company’s stock are sold short.
Based on an average daily volume of 4,260,000 shares, the short-interest ratio is currently 1.9 days. Analysts Set New Price Targets Several equities research analysts have recently issued reports on BIDU shares.
JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 27th. Susquehanna cut shares of Baidu from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $105.
00 to $85.00 in a research report on Monday, November 25th. Dbs Bank cut shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd.
Barclays cut shares of Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Finally, StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th.
Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Baidu has an average rating of “Hold” and a consensus target price of $113.75.
Get Our Latest Stock Report on Baidu Baidu Trading Up 0.3 % Institutional Inflows and Outflows A number of institutional investors have recently bought and sold shares of the business. B.
Riley Wealth Advisors Inc. increased its stake in Baidu by 134.4% in the third quarter.
B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock valued at $1,739,000 after purchasing an additional 9,415 shares during the period.
DGS Capital Management LLC increased its stake in Baidu by 23.5% in the third quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock valued at $345,000 after purchasing an additional 624 shares during the period.
Denver PWM LLC increased its stake in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after purchasing an additional 220 shares during the period.
World Investment Advisors LLC acquired a new position in shares of Baidu during the third quarter worth about $72,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Baidu during the third quarter worth about $653,000.
Baidu Company Profile ( Get Free Report ) Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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