Brokerages Set Baidu, Inc. (NASDAQ:BIDU) Price Target at $113.75

Baidu, Inc. (NASDAQ:BIDU - Get Free Report) has earned a consensus recommendation of "Hold" from the sixteen analysts that are currently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $113.75.

Several equities research analysts have recently issued reports on BIDU shares. Citigroup reduced their price target on Baidu from $142.00 to $141.00 and set a "buy" rating for the company in a report on Friday, November 29th. StockNews.com upgraded Baidu from a "hold" rating to a "buy" rating in a report on Friday, December 27th. JPMorgan Chase & Co. downgraded Baidu from an "overweight" rating to a "neutral" rating in a research note on Wednesday, November 27th. Benchmark cut their price objective on Baidu from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, Barclays cut Baidu from an "overweight" rating to an "equal weight" rating in a research report on Friday, November 22nd.

Institutional Trading of Baidu

Hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA lifted its position 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 acquiring an additional 176,150 shares in the last quarter. Sanders Capital LLC boosted its position in Baidu by 0.7% during the 3rd quarter. Sanders Capital LLC now owns 2,605,728 shares of the information services provider's stock worth $274,357,000 after acquiring an additional 18,334 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Baidu by 3.7% in the second quarter. Federated Hermes Inc. now owns 1,884,556 shares of the information services provider's stock valued at $162,976,000 after purchasing an additional 67,331 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Baidu by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider's stock worth $116,263,000 after purchasing an additional 14,878 shares in the last quarter. Finally, CoreView Capital Management Ltd grew its position in 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 purchasing an additional 166,618 shares in the last quarter.

Baidu Stock Down 1.5 %

Shares of NASDAQ BIDU traded down $1.27 during mid-day trading on Thursday, reaching $81.34. The company had a trading volume of 2,514,717 shares, compared to its average volume of 2,738,602. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. Baidu has a twelve month low of $78.95 and a twelve month high of $117.64. The stock's 50 day moving average is $86.41 and its 200-day moving average is $89.32. The stock has a market capitalization of $28.52 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.

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.