Baidu Inc ADR (NASDAQ: BIDU) is 11.32% higher on its value in year-to-date trading and has touched a low of $77.19 and a high of $116.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BIDU stock was last observed hovering at around $89.32 in the last trading session, with the day’s gains setting it 4.53%.
Currently trading at $93.85, the stock is 8.20% and 8.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.82 million and changing 5.07% at the moment leaves the stock 2.39% off its SMA200. BIDU registered -10.87% loss for a year compared to 6-month loss of 8.45%. The firm has a 50-day simple moving average (SMA 50) of $86.1698 and a 200-day simple moving average (SMA200) of $91.68035.
The stock witnessed a 15.38% gain in the last 1 month and extending the period to 3 months gives it a 3.22%, and is 7.00% up 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 3.08% over the week and 3.30% over the month.
Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $26.27B and $18.59B in sales. Current P/E ratio is 11.58 and Fwd P/E is 9.46. Profit margin for the company is 15.28%. Distance from 52-week low is 21.58% and -19.27% from its 52-week high. The company has generated returns on investments over the last 12 months (6.34%).
with sales reaching $33.46B over the same period.The EPS is expected to shrink by -10.31% this year, but quarterly earnings will post -1.54% year-over-year. Quarterly sales are estimated to shrink -4.27% in year-over-year returns.
Baidu Inc ADR (BIDU) Top Institutional Holders
The shares outstanding are 285.05M, and float is at 279.86M with Short Float at 2.65%.
The top institutional shareholder in the company is PRIMECAP MANAGEMENT CO/CA/ with over 11.95 million shares valued at $1.03 billion. The investor’s holdings represent 0.4261% of the BIDU Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 0.99 million shares valued at $85.49 million to account for 0.2709 of the shares outstanding. The other top investors are DODGE & COX which holds 5.88 million shares representing 0.2098% and valued at over $508.78 million, while BLACK CREEK INVESTMENT MANAGEMENT INC. holds 0.1063 of the shares totaling 2.98 million with a market value of $257.69 million.
Baidu Inc ADR (BIDU) Insider Activity
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Still, SEC filings show that on Nov 22 ’24, Callinicos Brent (Director) Proposed Sale 4,900 shares at an average price of $81.63 for $0.4 million. The insider now directly holds shares of Baidu Inc ADR (BIDU).
