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

Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $113.75.

BIDU has been the subject of a number of research reports. Hsbc Global Res downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Mizuho decreased their price target on Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Barclays lowered shares of Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. HSBC cut Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Tuesday, September 24th. Finally, Benchmark cut their price objective on Baidu from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd.

Baidu Trading Up 0.9 %

Shares of BIDU stock opened at $78.16 on Thursday. The stock’s 50-day moving average price is $85.92 and its 200-day moving average price is $89.19. Baidu has a 12-month low of $77.19 and a 12-month high of $116.25. The stock has a market capitalization of $27.41 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Baidu by 630.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock valued at $72,000 after buying an additional 593 shares in the last quarter. World Investment Advisors LLC acquired a new position in Baidu during the 3rd quarter valued at about $72,000. Grove Bank & Trust raised its stake in Baidu by 21.6% in the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after buying an additional 130 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in Baidu in the third quarter worth about $82,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Baidu by 102.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,098 shares of the information services provider’s stock valued at $97,000 after acquiring an additional 555 shares in the last quarter.

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.