Baidu (NASDAQ:BIDU) Hits New 1-Year Low at $95.95

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $95.95 and last traded at $96.17, with a volume of 2606993 shares. The stock had previously closed at $97.54.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com downgraded shares of Baidu from a "buy" rating to a "hold" rating in a report on Saturday, March 23rd. Citigroup dropped their target price on shares of Baidu from $181.00 to $176.00 and set a "buy" rating on the stock in a report on Tuesday, April 9th. Benchmark restated a "buy" rating and set a $210.00 target price on shares of Baidu in a report on Monday, December 18th. Finally, Barclays dropped their target price on shares of Baidu from $138.00 to $133.00 and set an "overweight" rating on the stock in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.73.

Baidu Stock Performance

The firm has a market capitalization of $33.74 billion, a price-to-earnings ratio of 12.46 and a beta of 0.68. The stock's fifty day moving average is $104.60 and its two-hundred day moving average is $110.77. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On Baidu

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in shares of Baidu by 4.0% in the second quarter. Captrust Financial Advisors now owns 1,941 shares of the information services provider's stock valued at $289,000 after purchasing an additional 75 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of Baidu by 2.6% in the first quarter. United Capital Financial Advisers LLC now owns 3,471 shares of the information services provider's stock valued at $459,000 after purchasing an additional 88 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Baidu by 3.1% in the first quarter. Geneos Wealth Management Inc. now owns 3,012 shares of the information services provider's stock valued at $398,000 after purchasing an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Baidu by 0.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider's stock valued at $3,498,000 after purchasing an additional 99 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Baidu by 0.3% in the fourth quarter. Stifel Financial Corp now owns 37,553 shares of the information services provider's stock valued at $4,472,000 after purchasing an additional 101 shares during the last quarter.

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.