Oppenheimer Comments on Baidu Inc’s Q1 2019 Earnings (BIDU)

Baidu Inc (NASDAQ:BIDU) – Equities researchers at Oppenheimer dropped their Q1 2019 EPS estimates for Baidu in a note issued to investors on Tuesday, April 9th, Zacks Investment Research reports. Oppenheimer analyst J. Helfstein now forecasts that the information services provider will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.30. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Baidu’s Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.90 EPS, Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $4.93 EPS and FY2020 earnings at $7.47 EPS.

A number of other research analysts have also commented on BIDU. Zacks Investment Research raised Baidu from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Morgan Stanley lowered Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a research report on Tuesday, January 8th. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of Baidu in a research report on Monday, January 14th. Barclays set a $210.00 price target on Baidu and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, Citigroup lowered their price target on Baidu from $262.00 to $205.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $237.79.

BIDU traded up $0.80 during midday trading on Friday, reaching $167.04. 2,175,681 shares of the company’s stock traded hands, compared to its average volume of 2,806,693. The firm has a market capitalization of $58.35 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 5.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.73 and a quick ratio of 2.73. Baidu has a 52 week low of $153.78 and a 52 week high of $284.22.

Several large investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Baidu in the 4th quarter worth approximately $26,000. First Personal Financial Services grew its stake in shares of Baidu by 70.7% in the 4th quarter. First Personal Financial Services now owns 169 shares of the information services provider’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Regal Wealth Group Inc. purchased a new stake in shares of Baidu in the 4th quarter worth approximately $32,000. Semmax Financial Advisors Inc. purchased a new stake in shares of Baidu in the 4th quarter worth approximately $33,000. Finally, Rational Advisors LLC grew its stake in shares of Baidu by 1,400.0% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the information services provider’s stock worth $33,000 after buying an additional 196 shares during the last quarter. 62.62% of the stock is owned by hedge funds and other institutional investors.

About Baidu

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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Earnings History and Estimates for Baidu (NASDAQ:BIDU)

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