Shares of Baidu Inc (NASDAQ:BIDU) have earned an average rating of “Buy” from the twenty-six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $146.24.
BIDU has been the topic of several analyst reports. Oppenheimer reiterated a “buy” rating and set a $155.00 target price on shares of Baidu in a report on Monday, April 27th. KeyCorp raised their target price on Baidu from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Zacks Investment Research upgraded Baidu from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Citigroup reduced their price target on shares of Baidu from $189.00 to $178.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Finally, BOCOM International raised shares of Baidu from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th.
Shares of NASDAQ:BIDU opened at $130.64 on Friday. The business’s 50 day moving average is $116.01 and its 200-day moving average is $115.87. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.35. Baidu has a 1-year low of $82.00 and a 1-year high of $147.38. The firm has a market capitalization of $45.18 billion, a PE ratio of 129.35, a PEG ratio of 5.62 and a beta of 1.45.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of Baidu by 8.3% during the 1st quarter. Parallel Advisors LLC now owns 1,537 shares of the information services provider’s stock valued at $154,000 after acquiring an additional 118 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Baidu by 1.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,651 shares of the information services provider’s stock valued at $1,275,000 after buying an additional 128 shares in the last quarter. Assetmark Inc. raised its position in Baidu by 93.4% in the 4th quarter. Assetmark Inc. now owns 292 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 141 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in Baidu by 6.3% in the first quarter. ETRADE Capital Management LLC now owns 2,615 shares of the information services provider’s stock valued at $264,000 after purchasing an additional 156 shares during the last quarter. Finally, American Beacon Advisors Inc. boosted its position in shares of Baidu by 52.3% during the first quarter. American Beacon Advisors Inc. now owns 457 shares of the information services provider’s stock worth $46,000 after buying an additional 157 shares during the period. 53.38% of the stock is owned by hedge funds and other institutional investors.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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