Baidu, Inc. (NASDAQ:BIDU) Receives $111.25 Average Price Target from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus recommendation of “Hold” by the nineteen analysts that are covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $111.25.

BIDU has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of Baidu in a research report on Wednesday, February 19th. StockNews.com cut shares of Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a research report on Saturday, March 8th. Mizuho lifted their price objective on Baidu from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Citigroup lowered their target price on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, November 29th.

Baidu Trading Up 0.9 %

Shares of BIDU stock opened at $98.42 on Tuesday. Baidu has a 1-year low of $77.20 and a 1-year high of $116.25. 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 business’s fifty day moving average price is $91.40 and its 200 day moving average price is $90.25. The firm has a market capitalization of $34.51 billion, a PE ratio of 10.73, a P/E/G ratio of 2.96 and a beta of 0.47.

Institutional Investors Weigh In On Baidu

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rialto Wealth Management LLC bought a new stake in Baidu during the 4th quarter valued at approximately $42,000. Sycomore Asset Management acquired a new position in shares of Baidu during the fourth quarter worth approximately $51,000. GeoWealth Management LLC boosted its position in shares of Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after acquiring an additional 308 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Baidu in the third quarter worth $72,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Baidu during the third quarter worth $82,000.

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.