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

Key Points

• Baidu, Inc. has received a consensus recommendation of "Moderate Buy" from twenty research firms, with one sell rating, nine hold ratings, nine buy ratings, and one strong buy rating.
• The average 12-month price target for Baidu is $126.54, indicating potential upside based on the current price.
• Recent changes in institutional positions include several hedge funds acquiring new stakes and increasing their holdings, suggesting growing interest in the company's prospects.

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $126.5385.

Several brokerages have recently issued reports on BIDU. Zephirin Group began coverage on shares of Baidu in a report on Monday, September 15th. They issued a "sell" rating and a $92.00 price target for the company. Macquarie raised shares of Baidu from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $91.00 to $176.00 in a report on Friday. Arete Research raised shares of Baidu from a "sell" rating to a "buy" rating and set a $143.00 price target for the company in a report on Tuesday, September 16th. Arete raised shares of Baidu from a "sell" rating to a "buy" rating and set a $143.00 price target for the company in a report on Tuesday, September 16th. Finally, Susquehanna boosted their price target on shares of Baidu from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Tuesday, September 2nd.

Baidu Price Performance

BIDU opened at $121.69 on Friday. The company has a fifty day moving average price of $109.86 and a two-hundred day moving average price of $94.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.85 and a current ratio of 1.85. Baidu has a 52 week low of $74.71 and a 52 week high of $149.51. The firm has a market capitalization of $42.04 billion, a PE ratio of 11.22 and a beta of 0.42.

Hedge Funds Weigh In On Baidu

Institutional investors and hedge funds have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in shares of Baidu in the 1st quarter valued at $29,000. Binnacle Investments Inc bought a new stake in Baidu in the 2nd quarter valued at $29,000. Assetmark Inc. lifted its position in Baidu by 143.3% in the 1st quarter. Assetmark Inc. now owns 326 shares of the information services provider's stock valued at $30,000 after acquiring an additional 192 shares in the last quarter. UMB Bank n.a. lifted its position in Baidu by 80.3% in the 1st quarter. UMB Bank n.a. now owns 402 shares of the information services provider's stock valued at $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Winthrop Capital Management LLC bought a new stake in Baidu in the 2nd quarter valued at $39,000.

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.

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