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

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

Several research analysts recently weighed in on BIDU shares. JPMorgan Chase & Co. cut shares of Baidu from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 27th. Citigroup cut their target price on Baidu from $142.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Benchmark decreased their price target on Baidu from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Dbs Bank cut Baidu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, China Renaissance cut Baidu from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Monday, November 25th.

Baidu Price Performance

BIDU opened at $81.34 on Thursday. Baidu has a 1 year low of $78.95 and a 1 year high of $117.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market capitalization of $28.52 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.19 and a beta of 0.46. The firm’s fifty day moving average price is $86.61 and its two-hundred day moving average price is $89.38.

Institutional Investors Weigh In On Baidu

Several institutional investors have recently made changes to their positions in BIDU. B. Riley Wealth Advisors Inc. increased its position in shares of Baidu by 134.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 16,421 shares of the information services provider’s stock valued at $1,739,000 after buying an additional 9,415 shares during the period. DGS Capital Management LLC grew its stake in Baidu by 23.5% during the third quarter. DGS Capital Management LLC now owns 3,281 shares of the information services provider’s stock valued at $345,000 after acquiring an additional 624 shares in the last quarter. Denver PWM LLC increased its holdings in Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock worth $104,000 after acquiring an additional 220 shares during the period. World Investment Advisors LLC purchased a new stake in Baidu in the 3rd quarter worth approximately $72,000. Finally, Coldstream Capital Management Inc. bought a new position in Baidu in the 3rd quarter valued at $653,000.

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.