Baidu, Inc. (NASDAQ:BIDU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned an average rating of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $113.75.

A number of research firms have commented on BIDU. China Renaissance lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research note on Monday, November 25th. Mizuho reduced their price target on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com raised shares of Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Citigroup reduced their price target on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, Barclays lowered shares of Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 22nd.

Hedge Funds Weigh In On Baidu

Several institutional investors and hedge funds have recently modified their holdings of BIDU. International Assets Investment Management LLC grew its position in shares of Baidu by 12,065.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock valued at $1,127,330,000 after purchasing an additional 1,061,893 shares during the period. Maple Rock Capital Partners Inc. bought a new stake in Baidu in the 3rd quarter valued at approximately $42,748,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Baidu in the 3rd quarter valued at approximately $36,272,000. Mirae Asset Global Investments Co. Ltd. raised its stake 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 acquiring an additional 330,627 shares during the period. Finally, Hhlr Advisors LTD. bought a new stake in Baidu in the 3rd quarter valued at $31,587,000.

Baidu Price Performance

BIDU stock opened at $90.60 on Monday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu has a one year low of $77.19 and a one year high of $116.25. The firm has a market capitalization of $31.77 billion, a PE ratio of 11.09, a P/E/G ratio of 2.05 and a beta of 0.46. The firm has a 50-day moving average of $85.65 and a two-hundred day moving average of $88.58.

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.