Baidu, Inc. (NASDAQ:BIDU) Receives $113.75 Consensus PT from Analysts

Baidu, Inc. (NASDAQ:BIDU) has earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $113.75.

Several research firms recently weighed in on BIDU. JPMorgan Chase & Co. downgraded shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Benchmark dropped their price objective on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Mizuho decreased their target price on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Dbs Bank downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, China Renaissance cut shares of 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.

Baidu Stock Performance

NASDAQ BIDU opened at $77.43 on Thursday. Baidu has a twelve month low of $77.39 and a twelve month high of $117.64. The stock has a market cap of $27.15 billion, a PE ratio of 9.48, a P/E/G ratio of 1.19 and a beta of 0.46. The stock has a fifty day simple moving average of $86.16 and a 200-day simple moving average of $89.25. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18.

Institutional Trading of Baidu

Several institutional investors have recently modified their holdings of the stock. Grove Bank & Trust lifted its position in Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after acquiring an additional 130 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Baidu by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $297,000 after purchasing an additional 140 shares during the period. Denver PWM LLC grew its stake in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after buying an additional 220 shares during the last quarter. Intellectus Partners LLC lifted its stake in Baidu by 1.5% in the third quarter. Intellectus Partners LLC now owns 16,538 shares of the information services provider’s stock valued at $1,741,000 after buying an additional 250 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Baidu by 6.9% in the third quarter. Oppenheimer & Co. Inc. now owns 5,563 shares of the information services provider’s stock valued at $586,000 after acquiring an additional 357 shares during the period.

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.