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Baidu, Inc. (BIDU)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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191.55-0.78 (-0.41%)
At close: 4:00PM EDT

191.86 +0.31 (0.16%)
After hours: 7:59PM EDT

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Trade prices are not sourced from all markets
Previous close192.33
Bid191.86 x 800
Ask191.75 x 1000
Day's range189.51 - 198.48
52-week range90.94 - 354.82
Avg. volume13,185,100
Market cap64.476B
Beta (5Y monthly)1.02
PE ratio (TTM)19.09
EPS (TTM)10.03
Earnings date18 May 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est346.05
  • A $953 Million Singapore Fund Ensnared by Alleged Fraud

    A $953 Million Singapore Fund Ensnared by Alleged Fraud

    (Bloomberg) -- Technology startup investor Vickers Venture Partners has been caught up in the allegedly fraudulent nickel trading scheme of a Singaporean businessman and his Envy Global Trading, prompting a review by the city-state’s monetary authority.Vickers would be the highest-profile investor yet to have fallen victim to the suspected $740 million swindle, which Singaporean authorities have said could be the biggest investment fraud the financial hub has ever seen. The alleged mastermind, Ng Yu Zhi, has been charged with a range of suspected crimes from faking the purchase and sale of nickel to falsifying transfers from Citibank and account statements that showed millions in funds.Licensed fund managers must have policies to manage risks, including proper checks before investments, MAS said in an emailed response to Bloomberg’s queries on Thursday. “We are performing a supervisory review” of Vickers Venture Partners (S) Pte Ltd. to “ascertain that it has met these requirements.”Vickers Venture’s founder Finian Tan said in a reply to Bloomberg’s query that he was a personal investor in the receivable financing funds floated by Envy Global Trading, which authorities believe involved false contracts. Two Vickers funds were also investors in companies with exposure to the same trade, he said, adding that the initial due diligence process did not raise any red flags.Tan also confirmed that Ng is among investors in a company that made a small investment in Vickers and another company that put a small amount in one of its seven funds. A representative for Ng didn’t immediately respond to an emailed query.Vickers has $953 million of assets under management, including co-investments. Its founder and chairman was an early investor in Chinese technology giant Baidu Inc. Vickers said in 2020 it received $200 million in commitments for its sixth fund, which is targeted at $500 million.“We are expecting this year to be the best ever year for both funds even if we have to write off the RFEGT investments to zero,” Tan said in a statement, referring to the receivable financing investment. “As venture capitalists, we swing for the fences. And when mistakes occur, we should of course try to minimize them.”Tan said his fund’s ability to hit a “home-run” by taking risks has allowed it to produce outsized returns in the past. “If we slow down our swing and can no longer hit home-runs, then we are done for.”The fraud allegations against Ng center on his dealings at Envy Asset Management and Envy Global Trading, companies he controlled and where he was a director. Of the more than S$1 billion ($749 million) that was invested in the companies, S$300 million was transferred to Ng’s personal account while an estimated S$200 million remains unaccounted for, prosecutors alleged in court proceedings last month.While investors received payments worth S$700 million, they’re owed another S$1 billion based on the face value of outstanding contracts, prosecutors said.Singapore’s High Court last week approved KPMG LLP as the interim judicial manager of three companies that are linked to the case.(Updates with Vickers fundraising details in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Why Wait for a Crash to Invest? These 3 Top Stocks Are Already Down More Than 40%
    Motley Fool

    Why Wait for a Crash to Invest? These 3 Top Stocks Are Already Down More Than 40%

    Case in point: Shares of Zillow Group (NASDAQ: ZG) (NASDAQ: Z), Baidu (NASDAQ: BIDU), and Teladoc (NYSE: TDOC) are all trading at least 40% below their recent highs. As of the close on Tuesday (when it delivered its latest quarterly report), Zillow shares had fallen 42% from the peak they hit three months ago. If you would have expected Zillow to be holding up a lot better in this climate, the good news is that it's doing just fine.

  • Can Baidu Inc. (BIDU) Keep the Earnings Surprise Streak Alive?

    Can Baidu Inc. (BIDU) Keep the Earnings Surprise Streak Alive?

    Baidu Inc. (BIDU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.