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

Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $113.75.

BIDU has been the topic of a number of analyst reports. Dbs Bank lowered Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Hsbc Global Res downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Susquehanna downgraded shares of Baidu from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $85.00 in a research report on Monday, November 25th. Benchmark lowered their target price on shares of Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th.

Baidu Stock Performance

Shares of Baidu stock opened at $81.34 on Thursday. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.19 and a beta of 0.46. Baidu has a twelve month low of $78.95 and a twelve month high of $117.64. The company’s fifty day moving average is $86.61 and its 200 day moving average is $89.38. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Baidu

A number of institutional investors have recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Baidu during the third quarter worth $1,054,000. Fred Alger Management LLC acquired a new position in shares of Baidu during the third quarter valued at about $790,000. World Investment Advisors LLC acquired a new stake in shares of Baidu in the 3rd quarter worth about $72,000. Handelsbanken Fonder AB lifted its position in Baidu by 8.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 182,817 shares of the information services provider’s stock valued at $19,249,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in Baidu during the 3rd quarter valued at about $42,748,000.

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.