Baidu, Inc. (NASDAQ:BIDU) Receives Consensus Rating of "Hold" from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have been given a consensus recommendation of "Hold" by the eighteen research firms that are currently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $107.82.

Several analysts have recently weighed in on the stock. Benchmark lowered their price objective on shares of Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Citigroup decreased their price target on shares of Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Sanford C. Bernstein reissued a "market perform" rating on shares of Baidu in a research report on Saturday, March 8th. Barclays set a $84.00 target price on Baidu and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Macquarie reiterated a "neutral" rating on shares of Baidu in a report on Wednesday, May 21st.

Institutional Trading of Baidu

A number of institutional investors and hedge funds have recently modified their holdings of the business. Creekmur Asset Management LLC bought a new position in Baidu in the 1st quarter valued at $29,000. Assetmark Inc. boosted its holdings in shares of Baidu by 143.3% in the first quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock worth $30,000 after acquiring an additional 192 shares during the period. UMB Bank n.a. boosted its stake in Baidu by 80.3% in the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock worth $37,000 after purchasing an additional 179 shares during the period. Rialto Wealth Management LLC purchased a new position in Baidu during the 4th quarter valued at about $42,000. Finally, CX Institutional bought a new stake in shares of Baidu during the first quarter valued at about $49,000.

Baidu Trading Down 0.1%

Baidu stock traded down $0.08 during trading hours on Thursday, reaching $86.37. 1,167,623 shares of the company's stock were exchanged, compared to its average volume of 4,084,529. The firm's 50 day simple moving average is $86.92 and its 200 day simple moving average is $87.65. Baidu has a twelve month low of $74.71 and a twelve month high of $116.25. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $29.83 billion, a PE ratio of 8.57 and a beta of 0.33.

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.