The stock last traded at $266.13 just above the 50 day moving average of $246.45 and quite a bit above the 200 day moving average of $207.23. The 50 day moving average went up by +7.98% whereas the 200 day moving average was up $58.90 or +28.42%. Baidu, Inc. – American Deposita shares had a trading volume of 2,115K on Tuesday. Overall, volume was down 29.51% under the stocks normal daily volume.
Short traders are more bullish on shares of Baidu, Inc. – American Deposita lately if you take into consideration the motion in short interest. The company realized a fall in short interest of -2.82% as of September 29, 2017 from the last reporting period. Short shares fell from 6,432,657 to 6,251,384 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.02% as of September 29.
A few notable investment firms have updated their holdings. As of the end of the quarter Capital One, National Association had sold 118 shares trimming its position 9.5%. The value of the company’s investment in Baidu, Inc. – American Deposita increased from $221,000 to $277,000 increasing 25.3% since the last quarter. Seabridge Investment Advisors LLC downsized its holdings by shedding 98 shares a decrease of 1.6%. Seabridge Investment Advisors LLC now controls 6,144 shares with a value of $1,522,000. The value of the position overall is up by 36.4%.
As of quarter end Wealthtrust-arizona, LLC had disposed of a total of 15 shares trimming its stake by 2.6%. The value of the investment in Baidu, Inc. – American Deposita went from $101,000 to $137,000 a change of 35.6% for the reporting period. Advisors Capital Management, LLC added to its investment by buying 204 shares an increase of 2.3% in the quarter. Advisors Capital Management, LLC now holds 8,991 shares valued at $2,227,000. The total value of its holdings increased 41.7%.
On July 31 the company was set at “Buy” by Nomura up from the previous “Neutral” rating. On September 27, 2017 Wells Fargo starting coverage on BIDU with a rating of “Outperform”.
The P/E ratio is 48.51 and the market cap is 92.28B. As of the last earnings report the EPS was $5.49 and is projected to be $7.17 for the current year with 346,762,000 shares currently outstanding. Next quarter’s EPS is expected be $2.05 and the next full year EPS is anticipated to be $9.32.
Baidu, Inc., launched on January 18, 2000, is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers. Its business consists of three segments: search services, transaction services and iQiyi. Search services are keyword-based marketing services targeted at and triggered by Internet users’ search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. Its transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs..