Baidu, Inc. (NASDAQ:BIDU) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Baidu, Inc. has a consensus rating of "Hold", with eleven analysts recommending hold and five advising buy, while the average 12-month price target is $104.00.
• Institutional investors have recently increased their stakes in Baidu, with Primecap Management boosting its shareholding by 1.4% and Mirae Asset Global increasing by 1,377.5%.
• Baidu's stock is currently trading at $114.82, with a twelve-month high of $116.91 and a low of $74.71, reflecting a market cap of $39.66 billion.

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have been assigned a consensus rating of "Hold" from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $104.00.

A number of equities research analysts have recently weighed in on the stock. Macquarie restated a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st. Wall Street Zen cut shares of Baidu from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Benchmark decreased their target price on shares of Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Jefferies Financial Group decreased their target price on shares of Baidu from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, Susquehanna boosted their target price on shares of Baidu from $85.00 to $95.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd.

Institutional Investors Weigh In On Baidu

Several hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA boosted its position in Baidu by 1.4% during the 2nd quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider's stock worth $1,039,132,000 after buying an additional 170,414 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Baidu by 1,377.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,324,728 shares of the information services provider's stock worth $490,035,000 after buying an additional 4,964,350 shares during the period. Dimensional Fund Advisors LP boosted its position in Baidu by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,361,973 shares of the information services provider's stock worth $125,338,000 after buying an additional 11,658 shares during the period. CoreView Capital Management Ltd boosted its position in Baidu by 2.0% during the 4th quarter. CoreView Capital Management Ltd now owns 1,262,003 shares of the information services provider's stock worth $106,399,000 after buying an additional 25,220 shares during the period. Finally, RPD Fund Management LLC boosted its position in Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider's stock worth $107,959,000 after buying an additional 777,570 shares during the period.

Baidu Price Performance

Shares of BIDU stock opened at $114.82 on Tuesday. The business has a fifty day simple moving average of $92.49 and a 200 day simple moving average of $89.52. Baidu has a twelve month low of $74.71 and a twelve month high of $116.91. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The company has a market cap of $39.66 billion, a P/E ratio of 10.58 and a beta of 0.34.

About Baidu

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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