Baidu, Inc. (NASDAQ:BIDU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Baidu, Inc. (NASDAQ:BIDU) has been assigned an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $146.1111.

A number of research firms have recently weighed in on BIDU. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Baidu in a research note on Monday. Susquehanna restated a “neutral” rating and issued a $110.00 price target on shares of Baidu in a research note on Monday, November 24th. Zephirin Group assumed coverage on shares of Baidu in a report on Monday, September 15th. They set a “sell” rating and a $92.00 price objective for the company. Macquarie raised shares of Baidu from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $91.00 to $176.00 in a report on Friday, October 10th. Finally, Citigroup restated a “buy” rating on shares of Baidu in a research report on Monday, December 8th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Primecap Management Co. CA lifted its position in shares of Baidu by 1.4% in the second quarter. Primecap Management Co. CA now owns 12,116,750 shares of the information services provider’s stock worth $1,039,132,000 after buying an additional 170,414 shares in the last quarter. RPD Fund Management LLC grew its holdings in Baidu by 161.6% during the 2nd quarter. RPD Fund Management LLC now owns 1,258,856 shares of the information services provider’s stock valued at $107,959,000 after buying an additional 777,570 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Baidu during the 3rd quarter worth approximately $165,334,000. Bank of America Corp DE boosted its position in shares of Baidu by 106.7% during the 3rd quarter. Bank of America Corp DE now owns 1,129,272 shares of the information services provider’s stock valued at $148,804,000 after acquiring an additional 582,832 shares during the last quarter. Finally, Capital World Investors boosted its position in shares of Baidu by 0.5% during the 3rd quarter. Capital World Investors now owns 977,817 shares of the information services provider’s stock valued at $128,847,000 after acquiring an additional 5,343 shares during the last quarter.

Baidu Trading Down 0.1%

Shares of Baidu stock opened at $123.67 on Thursday. Baidu has a fifty-two week low of $74.71 and a fifty-two week high of $149.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 1.91. The company has a market capitalization of $42.72 billion, a P/E ratio of 41.08 and a beta of 0.44. The company has a fifty day moving average of $121.66 and a 200 day moving average of $108.01.

Baidu Company Profile

Baidu, Inc, founded in 2000 and headquartered in Beijing, is a Chinese multinational technology company best known for operating one of China’s leading internet search engines. The company built its business around online search and related advertising services, providing search, content aggregation and targeted ad placements to consumers and marketers across China. Baidu went public on the NASDAQ in 2005 and has since diversified beyond search into a broader technology and AI-focused portfolio.

Core products and services include the Baidu search platform and mobile app, Baidu Maps and Baidu Baike (an online encyclopedia), along with digital content initiatives.