Baidu, Inc. (NASDAQ:BIDU - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-three brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $158.0526.
A number of equities analysts have commented on BIDU shares. Susquehanna boosted their price target on shares of Baidu from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, March 5th. Zephirin Group lifted their price target on shares of Baidu from $88.00 to $89.00 and gave the stock a "sell" rating in a research note on Monday, March 2nd. Jefferies Financial Group lifted their price target on shares of Baidu from $159.00 to $181.00 and gave the stock a "buy" rating in a research note on Friday, January 2nd. Morgan Stanley decreased their price target on shares of Baidu from $150.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Friday, February 27th. Finally, Barclays decreased their price target on shares of Baidu from $147.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 5th.
Get Our Latest Analysis on BIDU
Baidu Price Performance
BIDU stock opened at $125.76 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.76. Baidu has a one year low of $81.17 and a one year high of $165.30. The stock has a market cap of $42.79 billion, a PE ratio of 79.09 and a beta of 0.44. The firm has a 50 day simple moving average of $120.45 and a two-hundred day simple moving average of $127.78.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in BIDU. Schroder Investment Management Group purchased a new position in shares of Baidu during the third quarter worth approximately $165,334,000. RPD Fund Management LLC raised its stake in shares of Baidu by 161.6% during the second quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider's stock worth $107,959,000 after acquiring an additional 777,570 shares in the last quarter. Morgan Stanley raised its stake in shares of Baidu by 38.0% during the fourth quarter. Morgan Stanley now owns 2,709,426 shares of the information services provider's stock worth $354,014,000 after acquiring an additional 745,588 shares in the last quarter. Contrarius Group Holdings Ltd raised its stake in shares of Baidu by 500.3% during the third quarter. Contrarius Group Holdings Ltd now owns 891,749 shares of the information services provider's stock worth $117,506,000 after acquiring an additional 743,205 shares in the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of Baidu by 127.8% during the fourth quarter. ARK Investment Management LLC now owns 1,157,878 shares of the information services provider's stock worth $151,288,000 after acquiring an additional 649,490 shares in the last quarter.
Baidu Company Profile
(
Get Free Report)
Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China's leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.
Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.
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