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

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) has been given an average recommendation of "Hold" by the eighteen ratings firms that are covering the company, 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 covered the stock in the last year is $107.82.

Several brokerages have weighed in on BIDU. Sanford C. Bernstein restated a "market perform" rating on shares of Baidu in a research note on Saturday, March 8th. Mizuho raised their target price on shares of Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Benchmark lowered their target price 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. Daiwa Capital Markets restated an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Finally, Macquarie reiterated a "neutral" rating on shares of Baidu in a research note on Wednesday, May 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Creekmur Asset Management LLC purchased a new position in shares of Baidu during the first quarter worth $29,000. Assetmark Inc. raised its holdings in shares of Baidu by 143.3% during the first quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock worth $30,000 after purchasing an additional 192 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Baidu by 80.3% during the first 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 last quarter. Rialto Wealth Management LLC purchased a new position in shares of Baidu during the fourth quarter worth $42,000. Finally, CX Institutional purchased a new position in shares of Baidu during the first quarter worth $49,000.

Baidu Price Performance

Shares of BIDU opened at $85.81 on Friday. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.33. Baidu has a twelve month low of $74.71 and a twelve month high of $116.25. The company has a quick ratio of 2.19, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $85.75 and a two-hundred day moving average of $87.65.

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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