In the latest trading session, 3.38 million Baidu Inc ADR (NASDAQ:BIDU) shares changed hands as the company’s beta touched 0.26. With the company’s most recent per share price at $98.72 changed hands at -$3.79 or -3.70% at last look, the market valuation stands at $27.63B. BIDU’s current price is a discount, trading about -17.76% off its 52-week high of $116.25. The share price had its 52-week low at $77.19, which suggests the last value was 21.81% up since then. When we look at Baidu Inc ADR’s average trading volume, we note the 10-day average is 6.43 million shares, with the 3-month average coming to 5.08 million.
Analysts gave the Baidu Inc ADR (BIDU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.83. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended BIDU as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. Baidu Inc ADR’s EPS for the current quarter is expected to be 14.89.
Baidu Inc ADR (NASDAQ:BIDU) trade information
Instantly BIDU was in red as seen in intraday trades today. With action 6.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 17.09%, with the 5-day performance at 6.84% in the green. However, in the 30-day time frame, Baidu Inc ADR (NASDAQ:BIDU) is 9.49% up. Looking at the short shares, we see there were 7.16 million shares sold at short interest cover period of 1.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 120, meaning bulls need an upside of 17.73% from its recent market value. According to analyst projections, BIDU’s forecast low is 100 with 134 as the target high. To hit the forecast high, the stock’s price needs a -35.74% plunge from its current level, while the stock would need to soar -1.3% for it to hit the projected low.
Baidu Inc ADR (BIDU) estimates and forecasts
Year-over-year growth is forecast to reach 3.10% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 31.12B. 15 analysts are of the opinion that Baidu Inc ADR’s revenue for the current quarter will be 34.36B. The company’s revenue for the corresponding quarters a year ago was 31.51B and 33.93B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.24%. The estimates for the next quarter sales put growth at 1.26%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 61.93%. The 2025 estimates are for Baidu Inc ADR earnings to decrease by -4.66%, but the outlook for the next 5-year period is at 5.58% per year.
Baidu Inc ADR (NASDAQ:BIDU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.76% of Baidu Inc ADR shares while 27.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 28.09%. There are 27.32% institutions holding the Baidu Inc ADR stock share, with PRIMECAP MANAGEMENT CO/CA/ the top institutional holder. As of 2024-06-30, the company held 0.4267% of the shares, roughly 11.95 million BIDU shares worth $1.03 billion.
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 0.2709% or 0.99 million shares worth $85.49 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard/Primecap Fund and Dodge & Cox International Stock Fund. With 7.0 shares estimated at $687.25 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, Dodge & Cox International Stock Fund held about 1.32% of the shares, roughly 3.76 shares worth around $368.79 million.
