Baidu, Inc. (NASDAQ:BIDU) Receives $127.29 Average PT from Analysts

Shares of Baidu, Inc. (NASDAQ:BIDU) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $119.36.

Several brokerages have recently commented on BIDU. Dbs Bank lowered Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. HSBC lowered shares of Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Tuesday, September 24th. Benchmark reduced their price target on shares of Baidu from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday. Barclays cut shares of Baidu from an “overweight” rating to an “equal weight” rating in a research report on Friday. Finally, Bank of America cut their target price on Baidu from $128.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new position in shares of Baidu in the 1st quarter valued at about $31,000. iA Global Asset Management Inc. acquired a new stake in Baidu in the second quarter valued at approximately $52,000. Denver PWM LLC purchased a new position in Baidu in the second quarter worth approximately $67,000. Allspring Global Investments Holdings LLC grew its holdings in Baidu by 630.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider’s stock worth $72,000 after acquiring an additional 593 shares in the last quarter. Finally, Grove Bank & Trust increased its position in shares of Baidu by 21.6% in the 3rd quarter. Grove Bank & Trust now owns 731 shares of the information services provider’s stock valued at $77,000 after purchasing an additional 130 shares during the last quarter.

Baidu Trading Down 1.6 %

BIDU opened at $80.33 on Wednesday. The stock has a market capitalization of $28.17 billion, a PE ratio of 10.58 and a beta of 0.51. Baidu has a one year low of $78.95 and a one year high of $126.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The business’s 50 day moving average price is $93.70 and its 200 day moving average price is $92.66.

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.