Baidu Inc (NASDAQ:BIDU) – Analysts at KeyCorp lowered their Q1 2019 EPS estimates for shares of Baidu in a report released on Monday, April 22nd. KeyCorp analyst H. Chung now expects that the information services provider will earn ($0.24) per share for the quarter, down from their previous estimate of $0.04. KeyCorp currently has a “Overweight” rating and a $220.00 target price on the stock. KeyCorp also issued estimates for Baidu’s Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $1.48 EPS, Q4 2019 earnings at $1.40 EPS, FY2019 earnings at $3.50 EPS, Q1 2020 earnings at $1.06 EPS, Q2 2020 earnings at $1.71 EPS, Q3 2020 earnings at $2.22 EPS, Q4 2020 earnings at $2.07 EPS and FY2020 earnings at $7.07 EPS.
Several other research firms have also recently issued reports on BIDU. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine upgraded Baidu from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Credit Suisse Group set a $221.00 price target on Baidu and gave the company a “buy” rating in a report on Wednesday, April 10th. Oppenheimer cut Baidu from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 10th. Finally, Benchmark reiterated a “buy” rating and issued a $245.00 price target (down previously from $260.00) on shares of Baidu in a report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Baidu has a consensus rating of “Buy” and a consensus price target of $245.56.
Large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in Baidu in the fourth quarter valued at about $26,000. First Personal Financial Services lifted its stake in Baidu by 70.7% in the fourth quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock valued at $27,000 after buying an additional 70 shares during the period. Regal Wealth Group Inc. acquired a new position in Baidu in the fourth quarter valued at about $32,000. Rational Advisors LLC lifted its stake in Baidu by 1,400.0% in the fourth quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock valued at $33,000 after buying an additional 196 shares during the period. Finally, Semmax Financial Advisors Inc. acquired a new position in Baidu in the fourth quarter valued at about $33,000. 62.55% of the stock is currently owned by hedge funds and other institutional investors.
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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