Analysts Offer Predictions for Baidu Inc’s Q4 2019 Earnings (NASDAQ:BIDU)

Baidu Inc (NASDAQ:BIDU) – Investment analysts at KeyCorp boosted their Q4 2019 earnings per share (EPS) estimates for Baidu in a note issued to investors on Tuesday, January 21st. KeyCorp analyst H. Chung now expects that the information services provider will post earnings of $1.10 per share for the quarter, up from their previous estimate of $1.09. KeyCorp has a “Overweight” rating and a $161.00 price objective on the stock. KeyCorp also issued estimates for Baidu’s Q1 2020 earnings at $0.61 EPS.

BIDU has been the topic of several other reports. Oppenheimer upped their price target on Baidu from $145.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Barclays upped their price target on Baidu from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Sanford C. Bernstein raised Baidu from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $118.00 to $139.00 in a research note on Friday, November 8th. Loop Capital upped their price target on Baidu from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. They noted that the move was a valuation call. Finally, Jefferies Financial Group set a $133.00 price target on Baidu and gave the stock a “buy” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. Baidu currently has a consensus rating of “Buy” and an average price target of $148.35.

BIDU opened at $137.10 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59. Baidu has a 52-week low of $93.39 and a 52-week high of $186.22. The stock has a market capitalization of $48.77 billion, a PE ratio of -152.33, a price-to-earnings-growth ratio of 3.24 and a beta of 1.77. The stock’s 50 day moving average price is $129.09 and its 200-day moving average price is $113.46.

Several large investors have recently made changes to their positions in BIDU. Prudential PLC lifted its holdings in shares of Baidu by 44.5% during the second quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock valued at $259,933,000 after purchasing an additional 681,970 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Baidu by 1,299.7% during the second quarter. Nuveen Asset Management LLC now owns 677,245 shares of the information services provider’s stock valued at $79,482,000 after purchasing an additional 628,859 shares in the last quarter. Marathon Asset Management LLP lifted its holdings in shares of Baidu by 33.6% during the third quarter. Marathon Asset Management LLP now owns 1,513,513 shares of the information services provider’s stock valued at $155,529,000 after purchasing an additional 380,364 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Baidu by 9.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,078,061 shares of the information services provider’s stock valued at $419,062,000 after purchasing an additional 367,011 shares in the last quarter. Finally, Waddell & Reed Financial Inc. bought a new position in shares of Baidu during the second quarter valued at $42,851,000. 52.14% of the stock is currently owned by hedge funds and other institutional investors.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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