Baidu, Inc. (NASDAQ:BIDU) Receives Consensus Rating of “Hold” from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $111.25.

BIDU has been the subject of several recent research reports. Daiwa Capital Markets reaffirmed an “outperform” rating on shares of Baidu in a report on Tuesday, February 18th. Citigroup reduced their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Mizuho raised their price objective on shares of Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

Baidu Stock Up 1.6 %

Baidu stock opened at $93.39 on Friday. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 2.96 and a beta of 0.47. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $87.21 and a two-hundred day moving average of $89.10. Baidu has a twelve month low of $77.20 and a twelve month high of $116.25.

Institutional Investors Weigh In On Baidu

Institutional investors and hedge funds have recently made changes to their positions in the business. Primecap Management Co. CA raised its position in Baidu by 1.5% during the third quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock worth $1,276,521,000 after acquiring an additional 176,150 shares during the last quarter. Dodge & Cox increased its stake in shares of Baidu by 0.4% during the 4th quarter. Dodge & Cox now owns 5,916,215 shares of the information services provider’s stock worth $498,796,000 after purchasing an additional 22,000 shares in the last quarter. Sanders Capital LLC raised its position in shares of Baidu by 0.7% during the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock worth $274,357,000 after purchasing an additional 18,334 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Baidu by 9.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,410,307 shares of the information services provider’s stock valued at $203,213,000 after buying an additional 207,966 shares in the last quarter. Finally, Appaloosa LP grew its holdings in Baidu by 7.2% during the 4th quarter. Appaloosa LP now owns 1,527,909 shares of the information services provider’s stock valued at $128,818,000 after buying an additional 102,909 shares during the last quarter.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.