Baidu, Inc. Buyback
OLI recorded this information on 12/8/2020
Company:
Baidu, Inc.
Buyback:
BIDU buyback
$Amount Authorized:
$4,500,000,000
Buyback Details:
Baidu, Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), a leading search engine, knowledge and information-centered Internet platform and AI company, today announced that its board of directors has authorized a change to the Company's 2020 Share Repurchase Program, increasing the aggregate value of shares that may be repurchased from US$3 billion to US$4.5 billion. The 2020 Share Repurchase Program is effective through December 31, 2022.
Baidu is a holding company. Through its subsidiaries, Co. is an artificial intelligence (AI) company. Baidu Brain, Co.'s main AI technology engine, has enabled it to develop new AI businesses. Co.'s operations are organized into two segments, consisting of Baidu Core and iQIYI. Within Baidu Core, Co.'s product and services offerings are categorized as follows: Mobile Ecosystem, Baidu Cloud and Apollo Intelligent Driving and Other Growth Initiatives. iQIYI is an online entertainment service. iQIYI's platform features iQIYI original content, as well as a library of other professionally produced content, professional user generated content and user-generated content.
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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 38th percentile
(ranked lower than approx. 62% of all stocks covered)
Analysts' Target Price: BIDU Stock Forecast Based on Zacks ABR data; powered by Xignite |
