During the recent session, Baidu, Inc. (NASDAQ:BIDU)’s traded shares were 2,866,172, with the beta value of the company hitting 1.05. At the last check, the stock’s price was $223.72, reflecting an intraday gain of 0.77% or $1.72. The 52-week high for the BIDU share is $354.82, that puts it down -58.6% from that peak though still a striking +59.35% gain since the share price plummeted to a 52-week low of $90.94. The company’s market capitalization is $75.78 Billion, and the average intraday trading volume over the past 10 days was 34.09 Million shares, and the average trade volume was 14.64 Million shares over the past three months.
Baidu, Inc. (BIDU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.9. BIDU has a Sell rating from 1 analyst(s) out of 38 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 30 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.67.
Baidu, Inc. (NASDAQ:BIDU): Trading Information
Baidu, Inc. (BIDU) registered a 0.77% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.03% in intraday trading to $228.5 this Tuesday, Apr 06, hitting a weekly high. The stock’s 5-day price performance is 2.91%, and it has moved by -3.78% in 30 days. Based on these gigs, the overall price performance for the year is 3.54%. The short interest in Baidu, Inc. (NASDAQ:BIDU) is 16.84 Million shares and it means that shorts have 1.15 day(s) to cover.
Baidu, Inc. (BIDU) projections and forecasts
Statistics show that Baidu, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Baidu, Inc. (BIDU) shares have gone up +78.03% during the last six months, with a year-to-date growth rate less than the industry average at 5.92% against 7.2%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 32.5% this quarter and then jump 13.8% in the quarter after that. In the rating firms’ projections, revenue will increase 18.7% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.16 Billion as predicted by 16 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $4.64 Billion by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.22 Billion and $3.84 Billion respectively. In this case, analysts expect current quarter sales to grow by 29.1% and then jump by 20.8% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -7.3%. While earnings are projected to return 862.5% in 2021, the next five years will return 2.55% per annum.
Baidu, Inc. (NASDAQ:BIDU)’s Biggest Investors
Baidu, Inc. insiders own 0.26% of total outstanding shares while institutional holders control 68.09%, with the float percentage being 68.26%. Blackrock Inc. is the largest shareholder of the company, while 1140 institutions own stock in it. As of Dec 30, 2020, the company held over 12.75 Million shares (or 4.59% of all shares), a total value of $2.76 Billion in shares.
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The next largest institutional holding, with 9.51 Million shares, is of Primecap Management Company’s that is approximately 3.43% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $2.06 Billion.
Also, the Mutual Funds coming in first place with the largest holdings of Baidu, Inc. (BIDU) shares are Vanguard/Primecap Fund and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Dec 30, 2020 indicates that Vanguard/Primecap Fund owns about 5,223,945 shares. This amounts to just over 1.88 percent of the company’s overall shares, with a $1.13 Billion market value. The same data shows that the other fund manager holds slightly less at 4.12 Million, or about 1.49% of the stock, which is worth about $548.61 Million.