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

Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $113.75.

Several research firms have weighed in on BIDU. Susquehanna lowered Baidu from a “positive” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $85.00 in a report on Monday, November 25th. Citigroup dropped their target price on shares of Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a report on Friday, November 29th. StockNews.com upgraded shares of Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. HSBC lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Tuesday, September 24th. Finally, China Renaissance lowered Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Monday, November 25th.

Baidu Price Performance

Shares of BIDU opened at $81.50 on Thursday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $85.67 and its two-hundred day moving average is $89.14. Baidu has a twelve month low of $77.19 and a twelve month high of $116.25. The firm has a market capitalization of $28.58 billion, a PE ratio of 9.98, a P/E/G ratio of 1.19 and a beta of 0.46.

Hedge Funds Weigh In On Baidu

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