Baidu, Inc. (NASDAQ:BIDU) Given Average Rating of "Hold" by Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have received an average recommendation of "Hold" from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $113.75.

Several analysts have recently weighed in on BIDU shares. Mizuho reduced their price target on Baidu from $130.00 to $115.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. StockNews.com cut shares of Baidu from a "buy" rating to a "hold" rating in a research report on Thursday. Bank of America dropped their price target on shares of Baidu from $128.00 to $117.00 and set a "buy" rating for the company in a research note on Friday, August 23rd. Benchmark reduced their price objective on shares of Baidu from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, Loop Capital cut their target price on Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, August 26th.

Hedge Funds Weigh In On Baidu

A number of institutional investors and hedge funds have recently modified their holdings of the business. Primecap Management Co. CA grew its stake in shares of 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 buying an additional 176,150 shares during the period. Sanders Capital LLC boosted its holdings in Baidu by 0.7% in the third 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 in the last quarter. Federated Hermes Inc. grew its stake in 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 acquiring an additional 67,331 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Baidu by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,344,309 shares of the information services provider's stock valued at $116,263,000 after acquiring an additional 14,878 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its position in shares of Baidu by 15.6% during the third quarter. CoreView Capital Management Ltd now owns 1,236,783 shares of the information services provider's stock worth $130,221,000 after purchasing an additional 166,618 shares during the period.

Baidu Price Performance

BIDU stock traded up $0.50 during midday trading on Friday, reaching $90.82. 2,420,958 shares of the stock were exchanged, compared to its average volume of 3,601,490. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market capitalization of $31.85 billion, a PE ratio of 11.12, a P/E/G ratio of 1.19 and a beta of 0.46. Baidu has a 52 week low of $78.95 and a 52 week high of $120.25. The company has a fifty day moving average price of $90.51 and a 200 day moving average price of $90.39.

About Baidu

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.