Baidu, Inc. (NASDAQ:BIDU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Baidu, Inc. (NASDAQ:BIDU) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $132.13.

Several brokerages recently issued reports on BIDU. Benchmark reduced their price target on shares of Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Barclays reduced their target price on Baidu from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Citigroup lowered their target price on Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Jefferies Financial Group reduced their price target on Baidu from $174.00 to $139.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Hsbc Global Res lowered Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

Institutional Trading of Baidu

Several institutional investors have recently bought and sold shares of BIDU. Primecap Management Co. CA raised its holdings in Baidu by 17.2% in the second quarter. Primecap Management Co. CA now owns 11,947,706 shares of the information services provider’s stock worth $1,033,238,000 after buying an additional 1,753,577 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Baidu by 49.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,018,685 shares of the information services provider’s stock valued at $107,247,000 after acquiring an additional 338,110 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Baidu by 103.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 582,475 shares of the information services provider’s stock valued at $51,192,000 after purchasing an additional 295,700 shares during the last quarter. XY Capital Ltd purchased a new stake in Baidu during the 2nd quarter valued at $23,880,000. Finally, SG Americas Securities LLC increased its holdings in shares of Baidu by 337.5% in the 1st quarter. SG Americas Securities LLC now owns 250,418 shares of the information services provider’s stock worth $26,364,000 after purchasing an additional 193,180 shares in the last quarter.

Baidu Stock Up 0.1 %

Shares of Baidu stock opened at $105.29 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. Baidu has a 12-month low of $79.68 and a 12-month high of $135.85. The company has a market cap of $36.92 billion, a P/E ratio of 14.10 and a beta of 0.48. The company’s fifty day simple moving average is $87.05 and its two-hundred day simple moving average is $95.03.

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.