Shares of Baidu Inc (NASDAQ:BIDU) have been given a consensus rating of “Buy” by the twenty-two research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $242.00.
BIDU has been the topic of several recent research reports. Citigroup decreased their price objective on Baidu from $262.00 to $205.00 and set a “buy” rating on the stock in a report on Tuesday, January 22nd. KeyCorp set a $236.00 price objective on Baidu and gave the stock a “positive” rating in a report on Wednesday, January 23rd. Morgan Stanley lowered Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price objective on the stock. in a report on Tuesday, January 8th. Zacks Investment Research raised Baidu from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, Benchmark reissued a “buy” rating and set a $245.00 price objective (down previously from $260.00) on shares of Baidu in a report on Friday, February 22nd.
Shares of NASDAQ:BIDU opened at $170.48 on Friday. Baidu has a 1-year low of $153.78 and a 1-year high of $284.22. The company has a market cap of $59.12 billion, a PE ratio of 21.86, a PEG ratio of 1.51 and a beta of 1.47. The company has a current ratio of 2.73, a quick ratio of 2.66 and a debt-to-equity ratio of 0.31.
Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Baidu in the fourth quarter worth $526,416,000. Insight 2811 Inc. acquired a new position in Baidu in the fourth quarter worth $434,000. Nordea Investment Management AB boosted its stake in Baidu by 48.3% in the fourth quarter. Nordea Investment Management AB now owns 218,417 shares of the information services provider’s stock worth $34,639,000 after purchasing an additional 71,148 shares in the last quarter. Financial Partners Capital Management LLC acquired a new position in Baidu in the fourth quarter worth $1,516,000. Finally, Executive Wealth Management LLC acquired a new position in Baidu in the fourth quarter worth $45,000. 62.13% of the stock is currently owned by institutional investors and hedge funds.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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