Baidu, Inc. (NASDAQ:BIDU) Receives $162.58 Average PT from Brokerages

Baidu, Inc. (NASDAQ:BIDUGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $162.5789.

Several equities analysts have weighed in on BIDU shares. Susquehanna lifted their price target on shares of Baidu from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. UBS Group reaffirmed a “buy” rating on shares of Baidu in a report on Wednesday, February 4th. Barclays reduced their price objective on shares of Baidu from $147.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings downgraded shares of Baidu from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, Morgan Stanley upped their target price on shares of Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th.

Check Out Our Latest Research Report on BIDU

Hedge Funds Weigh In On Baidu

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signature Equity Partners LLC bought a new position in shares of Baidu during the first quarter worth $25,000. UMB Bank n.a. boosted its position in shares of Baidu by 65.0% during the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after acquiring an additional 134 shares during the last quarter. Binnacle Investments Inc bought a new position in shares of Baidu during the second quarter worth $29,000. Sankala Group LLC bought a new position in shares of Baidu during the fourth quarter worth $46,000. Finally, Ameritas Advisory Services LLC boosted its position in shares of Baidu by 12,400.0% during the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after acquiring an additional 372 shares during the last quarter.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $135.31 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. Baidu has a 1-year low of $81.17 and a 1-year high of $165.30. The company has a market capitalization of $46.04 billion, a P/E ratio of -1,127.49, a P/E/G ratio of 2.28 and a beta of 0.53. The firm’s 50 day simple moving average is $124.21 and its two-hundred day simple moving average is $129.50.

About Baidu

(Get Free Report)

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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