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

Baidu, Inc. (NASDAQ:BIDU) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $156.64.

BIDU has been the subject of a number of research reports. Citigroup dropped their price objective on Baidu from $181.00 to $176.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Macquarie downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. Mizuho reduced their price objective on shares of Baidu from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. StockNews.com lowered shares of Baidu from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, Susquehanna cut their price target on Baidu from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Friday, May 24th.

Institutional Trading of Baidu

Hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. boosted its holdings in shares of Baidu by 0.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,375 shares of the information services provider’s stock worth $3,498,000 after buying an additional 99 shares during the period. Kingsview Wealth Management LLC grew its position in shares of Baidu by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,005 shares of the information services provider’s stock valued at $239,000 after purchasing an additional 110 shares during the last quarter. Beacon Financial Group increased its stake in shares of Baidu by 7.2% during the fourth quarter. Beacon Financial Group now owns 1,894 shares of the information services provider’s stock worth $226,000 after purchasing an additional 128 shares during the period. Ignite Planners LLC lifted its holdings in Baidu by 3.8% during the 1st quarter. Ignite Planners LLC now owns 3,791 shares of the information services provider’s stock worth $411,000 after purchasing an additional 139 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Baidu by 8.2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,583 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 196 shares during the period.

Baidu Stock Down 0.2 %

Shares of BIDU opened at $88.59 on Friday. The firm has a market capitalization of $31.06 billion, a price-to-earnings ratio of 11.86 and a beta of 0.52. Baidu has a 52 week low of $88.26 and a 52 week high of $156.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.79 and a current ratio of 2.79. The business’s fifty day moving average price is $100.69 and its two-hundred day moving average price is $105.44.

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.