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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Baidu, Inc.    BIDU

BAIDU, INC.

(BIDU)
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Baidu, iQiyi Shares Fall After iQiyi Says SEC Is Investigating Its Books

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08/14/2020 | 10:37am EDT

By Dave Sebastian

 

Shares of the Chinese search-engine company Baidu Inc. and iQiyi Inc., the Netflix-like video-streaming company Baidu has a majority stake in, fell Friday after iQiyi said the U.S. Securities and Exchange Commission is investigating its books.

iQiyi shares fell almost 11% to $19.37, and Baidu shares fell 6.3% to $116.70.

On Thursday, iQiyi said the SEC had asked for financial and operating records from January 2018 onward, as well as documents tied to acquisitions and investments cited by the investment-research firm Wolfpack Research.

Baidu also reported a slight hit in revenue for the second quarter due to a decline in online advertising on iQiyi, though Baidu's profit rose.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
BAIDU, INC. 0.02% 123.79 Delayed Quote.-2.09%
IQIYI, INC. -2.14% 23.29 Delayed Quote.12.74%
NETFLIX, INC. 2.07% 482.88 Delayed Quote.46.21%
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Financials
Sales 2020 106 B 15 492 M 15 492 M
Net income 2020 11 076 M 1 624 M 1 624 M
Net cash 2020 97 742 M 14 327 M 14 327 M
P/E ratio 2020 27,4x
Yield 2020 -
Capitalization 291 B 42 666 M 42 666 M
EV / Sales 2020 1,83x
EV / Sales 2021 1,46x
Nbr of Employees 37 779
Free-Float 78,9%
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Technical analysis trends BAIDU, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 1 030,57 CNY
Last Close Price 844,50 CNY
Spread / Highest target 59,3%
Spread / Average Target 22,0%
Spread / Lowest Target 3,99%
EPS Revisions
Managers
NameTitle
Yan Hong Li Chairman & Chief Executive Officer
Cheng-Chun Yu Chief Financial Officer
Hai Feng Wang Chief Technology Officer
Ji An Ding Independent Director
Brent Callinicos Independent Director
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