Baidu, Inc. (NASDAQ:BIDU) Receives $111.25 Consensus Target Price from Analysts

Baidu, Inc. (NASDAQ:BIDU) has received a consensus rating of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $111.25.

A number of research firms have commented on BIDU. Nomura Securities cut Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Nomura cut Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Baidu in a research note on Saturday, March 8th. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Finally, Barclays lifted their price objective on shares of Baidu from $83.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th.

Baidu Price Performance

Baidu stock opened at $93.37 on Tuesday. The company’s 50 day simple moving average is $91.61 and its 200-day simple moving average is $90.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09. Baidu has a 1 year low of $77.20 and a 1 year high of $116.25. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47.

Institutional Trading of Baidu

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rialto Wealth Management LLC purchased a new position in shares of Baidu in the 4th quarter valued at about $42,000. Sycomore Asset Management purchased a new position in Baidu in the fourth quarter valued at approximately $51,000. GeoWealth Management LLC raised its holdings in Baidu by 88.5% during the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after purchasing an additional 308 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of Baidu during the 3rd quarter worth approximately $82,000. Finally, Denver PWM LLC boosted its holdings in shares of Baidu by 28.5% in the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares in the last quarter.

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.