Baidu, Inc. (NASDAQ:BIDU) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Baidu has a “Moderate Buy” consensus rating from 23 analysts: 16 rate it a buy, one a strong buy, three hold, and three sell. The average 12-month price target is $165.33.
• Analyst views remain mixed, with JPMorgan maintaining an overweight rating despite cutting its target to $205, while Barclays lowered its target to $124 and Zacks Research and Weiss Ratings issued bearish downgrades.
• BIDU opened at $109.33, below its 50-day moving average of $114.18 and 200-day average of $124.66; the stock’s 12-month range is $84.64 to $165.30, with a market capitalization of approximately $37.2 billion.

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-three brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $165.3333.

A number of analysts have commented on the stock. Barclays reduced their target price on shares of Baidu from $128.00 to $124.00 and set an "equal weight" rating for the company in a report on Monday, July 13th. Wall Street Zen raised shares of Baidu from a "sell" rating to a "hold" rating in a research report on Monday, May 25th. JPMorgan Chase & Co. reduced their price objective on Baidu from $230.00 to $205.00 and set an "overweight" rating for the company in a research note on Friday, July 17th. Zacks Research cut Baidu from a "hold" rating to a "strong sell" rating in a report on Monday, July 20th. Finally, Weiss Ratings downgraded Baidu from a "hold (c-)" rating to a "sell (d)" rating in a research report on Monday, May 18th.

Baidu Stock Performance

BIDU opened at $109.33 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.22. The company has a market cap of $37.20 billion, a price-to-earnings ratio of -911.01, a PEG ratio of 2.40 and a beta of 0.58. The company's 50 day moving average is $114.18 and its 200 day moving average is $124.66. Baidu has a 12-month low of $84.64 and a 12-month high of $165.30.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BIDU. Quadrant Capital Group LLC grew its stake in shares of Baidu by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 20,112 shares of the information services provider's stock valued at $2,628,000 after buying an additional 73 shares in the last quarter. Keel Point LLC lifted its stake in Baidu by 1.5% during the 1st quarter. Keel Point LLC now owns 5,215 shares of the information services provider's stock worth $581,000 after acquiring an additional 78 shares in the last quarter. PDS Planning Inc lifted its stake in Baidu by 5.7% during the 4th quarter. PDS Planning Inc now owns 1,634 shares of the information services provider's stock worth $213,000 after acquiring an additional 88 shares in the last quarter. UMB Bank n.a. boosted its holdings in Baidu by 25.9% during the 4th quarter. UMB Bank n.a. now owns 428 shares of the information services provider's stock valued at $56,000 after acquiring an additional 88 shares during the period. Finally, Signaturefd LLC boosted its holdings in Baidu by 8.4% during the 4th quarter. Signaturefd LLC now owns 1,276 shares of the information services provider's stock valued at $167,000 after acquiring an additional 99 shares during the period.

About Baidu

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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