Baidu, Inc. (NASDAQ:BIDU) Receives $107.82 Consensus Target Price from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have earned an average rating of "Hold" from the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $107.82.

A number of equities research analysts have weighed in on BIDU shares. Mizuho raised their target price on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Wall Street Zen cut Baidu from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark dropped their price target on Baidu from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Nomura Securities cut Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Citigroup lowered their target price on Baidu from $139.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd.

Institutional Investors Weigh In On Baidu

Institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of Baidu in the 1st quarter valued at about $1,783,000. Integrity Alliance LLC. bought a new position in Baidu in the first quarter worth $247,000. Empowered Funds LLC acquired a new position in Baidu during the first quarter worth $334,000. Sender Co & Partners Inc. acquired a new position in Baidu during the first quarter worth $560,000. Finally, NewEdge Advisors LLC increased its stake in shares of Baidu by 39,363.0% in the first quarter. NewEdge Advisors LLC now owns 21,310 shares of the information services provider's stock valued at $1,961,000 after buying an additional 21,256 shares in the last quarter.

Baidu Price Performance

NASDAQ:BIDU traded up $0.06 during trading hours on Friday, reaching $87.55. 1,895,484 shares of the company were exchanged, compared to its average volume of 4,137,830. The business has a 50 day moving average of $85.63 and a 200 day moving average of $87.75. The company has a market capitalization of $30.24 billion, a P/E ratio of 9.55, a P/E/G ratio of 2.96 and a beta of 0.33. Baidu has a 1-year low of $74.71 and a 1-year high of $116.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.

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.