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

Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus rating of “Hold” by the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Ten equities research 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 analysts that have covered the stock in the last year is $113.75.

A number of analysts recently weighed in on BIDU shares. Loop Capital decreased their price target on shares of Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Hsbc Global Res lowered Baidu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. Susquehanna cut Baidu from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $85.00 in a report on Monday, November 25th. Finally, StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th.

Hedge Funds Weigh In On Baidu

A number of hedge funds have recently bought and sold shares of BIDU. B. Riley Wealth Advisors Inc. grew its position in shares of Baidu by 134.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock worth $1,739,000 after acquiring an additional 9,415 shares in the last quarter. DGS Capital Management LLC lifted its stake in Baidu by 23.5% during the third quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock worth $345,000 after purchasing an additional 624 shares during the last quarter. Denver PWM LLC boosted its holdings in Baidu by 28.5% in the third quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after purchasing an additional 220 shares during the period. World Investment Advisors LLC bought a new stake in Baidu during the third quarter valued at $72,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Baidu during the third quarter worth $653,000.

Baidu Trading Up 0.3 %

Shares of BIDU stock opened at $85.80 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu has a fifty-two week low of $78.95 and a fifty-two week high of $120.25. The firm’s 50 day moving average price is $88.62 and its two-hundred day moving average price is $90.11. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.

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.