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

Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $113.75.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Mizuho dropped their price objective on shares of Baidu from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Loop Capital lowered their price target on Baidu from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Finally, Jefferies Financial Group reduced their price objective on Baidu from $174.00 to $139.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd.

Institutional Trading of Baidu

Several hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. raised its position in Baidu by 134.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock worth $1,739,000 after acquiring an additional 9,415 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of Baidu by 23.5% during the 3rd quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock worth $345,000 after purchasing an additional 624 shares during the period. Denver PWM LLC increased 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 purchasing an additional 220 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Baidu in the third quarter valued at about $72,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Baidu during the third quarter worth about $653,000.

Baidu Trading Up 0.6 %

BIDU opened at $90.82 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. Baidu has a 52 week low of $78.95 and a 52 week high of $120.25. The business’s 50 day moving average is $90.51 and its two-hundred day moving average is $90.44. The firm has a market cap of $31.85 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.

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.