Baidu, Inc. (NASDAQ:BIDU) Receives $171.64 Average PT from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have received a consensus recommendation of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $169.50.

BIDU has been the topic of several analyst reports. HSBC lowered their target price on shares of Baidu from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Barclays cut their target price on Baidu from $138.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Benchmark decreased their price target on Baidu from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com cut Baidu from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, Citigroup decreased their target price on shares of Baidu from $181.00 to $176.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bruce G. Allen Investments LLC acquired a new stake in Baidu during the fourth quarter worth approximately $25,000. Newbridge Financial Services Group Inc. purchased a new position in Baidu during the first quarter worth approximately $32,000. Headinvest LLC acquired a new position in shares of Baidu in the 3rd quarter valued at $36,000. FNY Investment Advisers LLC acquired a new stake in shares of Baidu during the 4th quarter worth $42,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Baidu in the fourth quarter valued at $48,000.

Baidu Stock Performance

NASDAQ:BIDU opened at $109.60 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 14.20 and a beta of 0.68. The firm’s fifty day moving average price is $103.03 and its 200 day moving average price is $108.09. Baidu has a 1-year low of $94.25 and a 1-year high of $156.98.

Baidu Company Profile

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.