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

Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have been given an average recommendation of "Hold" by the nineteen brokerages that are covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $111.25.

A number of analysts recently commented on BIDU shares. Mizuho increased their price objective on Baidu from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Baidu in a report on Saturday, March 8th. Barclays boosted their price objective on shares of Baidu from $83.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Citigroup decreased their target price on shares of Baidu from $142.00 to $141.00 and set a "buy" rating on the stock in a research report on Friday, November 29th. Finally, Nomura Securities lowered Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th.

Baidu Price Performance

NASDAQ:BIDU traded down $5.05 during trading hours on Tuesday, reaching $93.37. 6,535,625 shares of the company traded hands, compared to its average volume of 4,006,244. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The firm's 50-day moving average is $91.40 and its 200-day moving average is $90.25. The stock has a market cap of $32.74 billion, a P/E ratio of 10.18, a P/E/G ratio of 2.96 and a beta of 0.47. Baidu has a 1-year low of $77.20 and a 1-year high of $116.25.

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Hedge Funds Weigh In On Baidu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIDU. Advisors Asset Management Inc. boosted its position in Baidu by 5.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider's stock worth $297,000 after acquiring an additional 140 shares during the period. Denver PWM LLC raised its stake in shares of Baidu by 28.5% during the third quarter. Denver PWM LLC now owns 991 shares of the information services provider's stock valued at $104,000 after purchasing an additional 220 shares in the last quarter. Intellectus Partners LLC lifted its holdings in Baidu by 1.4% in the fourth quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider's stock worth $1,414,000 after purchasing an additional 235 shares during the period. US Bancorp DE lifted its holdings in Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider's stock worth $340,000 after purchasing an additional 270 shares during the period. Finally, GeoWealth Management LLC grew its position in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider's stock valued at $55,000 after buying an additional 308 shares in the last quarter.

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.