Baidu, Inc. (NASDAQ:BIDU) Receives $113.75 Average Price Target from Analysts

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

Several equities analysts have recently commented on BIDU shares. China Renaissance cut shares of Baidu from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research report on Monday, November 25th. Barclays cut Baidu from an “overweight” rating to an “equal weight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lowered shares of Baidu from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 27th. StockNews.com upgraded Baidu from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Finally, Citigroup decreased their price target on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, November 29th.

Baidu Stock Up 0.6 %

Shares of NASDAQ BIDU opened at $89.32 on Monday. The stock has a fifty day moving average price of $86.10 and a 200 day moving average price of $88.56. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The company has a market cap of $31.32 billion, a P/E ratio of 10.93, a P/E/G ratio of 2.08 and a beta of 0.46. Baidu has a 12-month low of $77.19 and a 12-month high of $116.25.

Institutional Trading of Baidu

Several institutional investors have recently modified their holdings of BIDU. International Assets Investment Management LLC grew its holdings in shares of Baidu by 12,065.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,070,694 shares of the information services provider’s stock worth $1,127,330,000 after purchasing an additional 1,061,893 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in Baidu in the 3rd quarter valued at $42,748,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Baidu in the 3rd quarter valued at $36,272,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Baidu by 1,111.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider’s stock valued at $30,317,000 after buying an additional 330,627 shares in the last quarter. Finally, Hhlr Advisors LTD. acquired a new stake in Baidu in the 3rd quarter valued at $31,587,000.

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.