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

Shares of Baidu, Inc. (NASDAQ:BIDU – Get Rating) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $177.17.

A number of brokerages recently commented on BIDU. Morgan Stanley cut their target price on Baidu from $140.00 to $120.00 in a research note on Wednesday, November 23rd. Susquehanna Bancshares decreased their target price on shares of Baidu from $195.00 to $150.00 in a research report on Wednesday, December 14th. Barclays dropped their price target on shares of Baidu from $146.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Loop Capital decreased their price objective on Baidu from $185.00 to $167.00 in a report on Tuesday, December 6th. Finally, Citigroup cut their target price on Baidu from $169.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, November 23rd.

Institutional Trading of Baidu

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Group LLC lifted its holdings in Baidu by 92.0% during the 2nd quarter. Retirement Group LLC now owns 167 shares of the information services provider’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Baidu by 123.7% during the third quarter. Allworth Financial LP now owns 255 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 141 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Baidu in the second quarter valued at about $34,000. JDM Financial Group LLC acquired a new stake in Baidu in the fourth quarter worth about $37,000. Finally, Sargent Bickham Lagudis LLC raised its holdings in Baidu by 2,025.0% during the 2nd quarter. Sargent Bickham Lagudis LLC now owns 255 shares of the information services provider’s stock worth $38,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 23.06% of the company’s stock.

Baidu Stock Up 1.8 %

Shares of BIDU stock opened at $138.98 on Friday. Baidu has a 12 month low of $73.58 and a 12 month high of $171.87. The firm has a market cap of $48.02 billion, a PE ratio of 85.26, a price-to-earnings-growth ratio of 0.67 and a beta of 0.64. The stock has a 50 day moving average of $110.39 and a 200-day moving average of $120.85. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.28.

About Baidu

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Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.