Baidu, Inc. (NASDAQ:BIDU) Given Consensus Rating of “Moderate Buy” by Analysts

Baidu, Inc. (NASDAQ:BIDU) has earned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $151.0556.

Several research analysts have recently issued reports on BIDU shares. CLSA raised Baidu to a “strong-buy” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft raised shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, November 6th. Dbs Bank raised shares of Baidu from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $177.00 in a research note on Thursday, September 25th. Citigroup reissued a “buy” rating on shares of Baidu in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group increased their price objective on Baidu from $159.00 to $181.00 and gave the company a “buy” rating in a report on Friday, January 2nd.

Baidu Price Performance

Shares of BIDU opened at $149.53 on Monday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.23. The stock has a market cap of $51.66 billion, a PE ratio of 49.68 and a beta of 0.30. Baidu has a 12-month low of $74.71 and a 12-month high of $154.29. The business has a 50-day simple moving average of $127.81 and a two-hundred day simple moving average of $114.73.

Hedge Funds Weigh In On Baidu

Hedge funds have recently made changes to their positions in the stock. Binnacle Investments Inc bought a new stake in Baidu in the second quarter valued at approximately $29,000. Winthrop Capital Management LLC acquired a new position in shares of Baidu in the 2nd quarter worth approximately $39,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Baidu in the 2nd quarter valued at $43,000. UMB Bank n.a. increased its position in shares of Baidu by 65.0% during the third quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock worth $45,000 after buying an additional 134 shares during the period. Finally, Ameritas Advisory Services LLC raised its stake in Baidu by 12,400.0% during the third quarter. Ameritas Advisory Services LLC now owns 375 shares of the information services provider’s stock worth $49,000 after buying an additional 372 shares during the last quarter.

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.