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

Baidu, Inc. (NASDAQ:BIDU) has earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $114.92.

A number of brokerages have recently issued reports on BIDU. China Renaissance downgraded shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a report on Monday. Sanford C. Bernstein cut shares of Baidu from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $130.00 to $97.00 in a report on Friday, August 23rd. Benchmark decreased their price target on Baidu from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group dropped their price objective on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, Loop Capital decreased their target price on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, August 26th.

Institutional Trading of Baidu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC acquired a new stake in shares of Baidu during the 1st quarter worth about $31,000. iA Global Asset Management Inc. purchased a new position in shares of Baidu during the second quarter valued at approximately $52,000. Denver PWM LLC acquired a new stake in Baidu during the second quarter worth approximately $67,000. Allspring Global Investments Holdings LLC grew its stake in Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares during the period. Finally, World Investment Advisors LLC acquired a new position in Baidu in the 3rd quarter valued at $72,000.

Baidu Trading Up 1.0 %

NASDAQ:BIDU opened at $83.51 on Wednesday. Baidu has a 1 year low of $78.95 and a 1 year high of $126.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a fifty day moving average price of $93.63 and a two-hundred day moving average price of $92.04. The stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.03 and a beta of 0.51.

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.