1,004 institutions hold shares in Baidu Inc. (BIDU), with 827.18k shares held by insiders accounting for 0.25% while institutional investors hold 69.08% of the company’s shares. The shares outstanding are 346.76M, and float is at 267.22M with Short Float at 6.30%. Institutions hold 68.91% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.75 million shares valued at $2.76 billion. The investor’s holdings represent 4.80% of the BIDU Shares outstanding. As of Dec 30, 2020, the second largest holder is Primecap Management Company with 9.51 million shares valued at $2.06 billion to account for 3.58% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 9.49 million shares representing 3.57% and valued at over $2.05 billion, while Renaissance Technologies, LLC holds 3.23% of the shares totaling 8.59 million with a market value of $1.86 billion.
Baidu Inc. (NASDAQ: BIDU) is -5.34% lower on its value in year-to-date trading and has touched a low of $90.94 and a high of $354.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIDU stock was last observed hovering at around $208.61 in the last trading session, with the day’s loss setting it -3.91% off its average median price target of $2322.79 for the next 12 months. It is also 92.96% off the consensus price target high of $2905.83 offered by 39 analysts, but current levels are 84.18% higher than the price target low of $1293.66 for the same period.
Currently trading at $204.70, the stock is -21.24% and -24.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 57.55 million and changing -1.87% at the moment leaves the stock 18.97% off its SMA200. BIDU registered 109.67% gain for a year compared to 6-month gain of 65.36%. The firm has a 50-day simple moving average (SMA 50) of $279.69 and a 200-day simple moving average (SMA200) of $195.05.
The stock witnessed a -27.79% loss in the last 1 month and extending the period to 3 months gives it a 7.16%, and is -23.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.79% over the week and 8.64% over the month.
Baidu Inc. (BIDU) has around 41000 employees, a market worth around $70.98B and $16.36B in sales. Current P/E ratio is 20.58 and Fwd P/E is 16.47. Profit margin for the company is 20.90%. Distance from 52-week low is 125.09% and -42.31% from its 52-week high. The company has generated returns on investments over the last 12 months (4.00%).
Baidu Inc. (BIDU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Baidu Inc. (BIDU) is a “Buy”. 39 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 2 think it is a “Overweight”. 31 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Baidu Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $1.66 with sales reaching $4.16B over the same period.The EPS is expected to grow by 862.50% this year, but quarterly earnings will post 18.60% year-over-year. Quarterly sales are estimated to grow 28.90% in year-over-year returns.
Baidu Inc. (BIDU): Who are the competitors?
The company’s main competitors (and peers) include Blucora Inc. (BCOR) that is trading 40.45% up over the past 12 months and Phoenix New Media Limited (FENG) that is 223.54% higher over the same period. Alphabet Inc. (GOOGL) is 84.26% up on the 1-year trading charts. Short interest in the company’s stock has risen 33.97% from the last report on Feb 11, 2021 to stand at a total of 11.12 million short shares sold with a short interest ratio of 1.3.