Baidu, Inc. (NASDAQ:BIDU) Receives $111.25 Average Price Target from Analysts

Baidu, Inc. (NASDAQ:BIDU) has earned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $111.25.

Several equities analysts recently weighed in on BIDU shares. Nomura Securities lowered Baidu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Mizuho boosted their price objective on Baidu from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com lowered Baidu from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Nomura lowered shares of Baidu from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Baidu in a report on Saturday, March 8th.

Hedge Funds Weigh In On Baidu

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new position in shares of Baidu during the 4th quarter worth $42,000. Sycomore Asset Management purchased a new position in Baidu during the fourth quarter worth about $51,000. GeoWealth Management LLC boosted its holdings in Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 308 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of Baidu in the 3rd quarter valued at approximately $82,000. Finally, Denver PWM LLC raised its position in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares during the period.

Baidu Stock Down 5.1 %

BIDU stock opened at $93.37 on Tuesday. The firm’s fifty day moving average is $91.61 and its 200 day moving average is $90.39. The firm has a market cap of $32.74 billion, a PE ratio of 10.18, a P/E/G ratio of 2.96 and a beta of 0.47. Baidu has a one year low of $77.20 and a one year high of $116.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.09.

About Baidu

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.