Baidu, Inc. (NASDAQ:BIDU) Given Consensus Rating of "Hold" by Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have earned a consensus rating of "Hold" from the nineteen analysts that are covering the company, Marketbeat.com 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 price target among analysts that have updated their coverage on the stock in the last year is $110.83.

A number of analysts recently issued reports on BIDU shares. Barclays reduced their price objective on Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. StockNews.com cut Baidu from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho lifted their price objective on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Benchmark reissued a "buy" rating and set a $130.00 price objective on shares of Baidu in a research report on Wednesday, February 19th. Finally, Daiwa Capital Markets reissued an "outperform" rating on shares of Baidu in a research report on Tuesday, February 18th.

Hedge Funds Weigh In On Baidu

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of Baidu by 147.5% during the 4th quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock worth $32,161,000 after purchasing an additional 227,338 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Baidu during the 4th quarter worth about $558,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Baidu by 1,111.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock worth $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Ping Capital Management Inc. increased its stake in Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock valued at $843,000 after acquiring an additional 7,500 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Baidu during the fourth quarter valued at about $2,202,000.

Baidu Price Performance

BIDU opened at $91.09 on Wednesday. The stock has a market cap of $31.47 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.96 and a beta of 0.37. Baidu has a 1 year low of $74.71 and a 1 year high of $116.25. The company has a current ratio of 2.09, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $89.24 and a 200 day moving average price of $88.05.

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.

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