Baidu, Inc. (NASDAQ:BIDU) Receives Average Rating of “Hold” from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have earned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $113.75.

Several research analysts have weighed in on the company. Barclays lowered Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd. Susquehanna lowered shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $85.00 in a research report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Baidu in a research note on Friday, January 24th. Mizuho lowered their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research note on Friday, December 27th.

Baidu Price Performance

NASDAQ:BIDU opened at $89.32 on Monday. The stock’s 50-day simple moving average is $86.18 and its 200 day simple moving average is $88.53. Baidu has a 52-week low of $77.19 and a 52-week high of $116.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The company has a market cap of $31.32 billion, a P/E ratio of 10.93, a P/E/G ratio of 2.03 and a beta of 0.46.

Institutional Investors Weigh In On Baidu

A number of institutional investors have recently modified their holdings of the business. Primecap Management Co. CA boosted its holdings in Baidu by 1.5% in the 3rd quarter. Primecap Management Co. CA now owns 12,123,856 shares of the information services provider’s stock valued at $1,276,521,000 after purchasing an additional 176,150 shares during the period. Sanders Capital LLC raised its position in shares of Baidu by 0.7% in the third quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider’s stock valued at $274,357,000 after buying an additional 18,334 shares in the last quarter. CoreView Capital Management Ltd boosted its stake in shares of Baidu by 15.6% in the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider’s stock valued at $130,221,000 after buying an additional 166,618 shares during the period. International Assets Investment Management LLC increased its stake in Baidu by 12,065.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after acquiring an additional 1,061,893 shares during the period. Finally, North of South Capital LLP increased its stake in Baidu by 18.9% during the 4th quarter. North of South Capital LLP now owns 614,847 shares of the information services provider’s stock worth $51,838,000 after acquiring an additional 97,549 shares during the period.

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.