Baidu, Inc. (NASDAQ:BIDU) Receives $111.25 Average Target Price from Analysts

Baidu, Inc. (NASDAQ:BIDU) has earned an average rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $111.25.

BIDU has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Baidu in a report on Wednesday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Nomura downgraded Baidu from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Daiwa Capital Markets restated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On Baidu

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after buying an additional 140 shares during the period. Denver PWM LLC raised its holdings in shares of Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares during the period. Intellectus Partners LLC lifted its position in Baidu by 1.4% in the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after acquiring an additional 235 shares in the last quarter. US Bancorp DE boosted its stake in Baidu by 7.2% in the 4th quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock worth $340,000 after purchasing an additional 270 shares during the period. Finally, GeoWealth Management LLC increased its holdings in Baidu by 88.5% during the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after purchasing an additional 308 shares in the last quarter.

Baidu Stock Performance

Shares of NASDAQ BIDU opened at $98.42 on Tuesday. The firm has a market capitalization of $34.51 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 2.96 and a beta of 0.47. Baidu has a one year low of $77.20 and a one year high of $116.25. The business has a fifty day simple moving average of $91.40 and a 200 day simple moving average of $90.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19.

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.