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

Shares of Baidu, Inc. (NASDAQ:BIDUGet 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

(Get Rating)

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.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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