Baidu, Inc. (NASDAQ:BIDU) Receives $110.83 Average PT from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $109.55.

A number of equities analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a research report on Saturday, March 8th. Barclays cut their price target on shares of Baidu from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Daiwa Capital Markets reiterated an “outperform” rating on shares of Baidu in a research note on Tuesday, February 18th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Nomura Securities downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIDU. SG Americas Securities LLC lifted its stake in Baidu by 147.5% in the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider’s stock valued at $32,161,000 after buying an additional 227,338 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Baidu in the 4th quarter worth about $558,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Ping Capital Management Inc. boosted its stake in Baidu by 300.0% during the 4th quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider’s stock valued at $843,000 after purchasing an additional 7,500 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Baidu during the 4th quarter valued at about $2,202,000.

Baidu Trading Up 0.1%

Shares of BIDU opened at $89.34 on Wednesday. The company has a market capitalization of $30.86 billion, a P/E ratio of 9.74, a P/E/G ratio of 2.96 and a beta of 0.37. Baidu has a one year low of $74.71 and a one year high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. The stock has a 50-day moving average price of $88.87 and a 200 day moving average price of $87.98.

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.