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

Shares of Baidu, Inc. (NASDAQ:BIDUGet Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, sixteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $157.0526.

Several equities research analysts recently commented on BIDU shares. Deutsche Bank Aktiengesellschaft upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, November 6th. Susquehanna reiterated a “neutral” rating and set a $110.00 target price on shares of Baidu in a research report on Monday, November 24th. Benchmark reissued a “buy” rating on shares of Baidu in a research report on Monday, January 12th. Zacks Research raised Baidu from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, National Bank Financial raised Baidu to an “outperform” rating in a report on Monday, November 24th.

Read Our Latest Analysis on Baidu

Hedge Funds Weigh In On Baidu

A number of hedge funds and other institutional investors have recently made changes to their positions in BIDU. UMB Bank n.a. raised its stake in Baidu by 65.0% during the 3rd quarter. UMB Bank n.a. now owns 340 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 134 shares during the last quarter. Binnacle Investments Inc purchased a new stake in shares of Baidu during the second quarter worth approximately $29,000. Ameritas Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 372 shares during the period. Brown Brothers Harriman & Co. grew its position in Baidu by 35.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after buying an additional 105 shares during the last quarter. Finally, Winthrop Capital Management LLC acquired a new position in Baidu in the 2nd quarter valued at $39,000.

Baidu Stock Up 0.2%

BIDU stock opened at $137.33 on Friday. The stock has a market cap of $47.44 billion, a P/E ratio of 45.62 and a beta of 0.32. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Baidu has a twelve month low of $74.71 and a twelve month high of $165.30. The company’s 50 day moving average is $140.50 and its two-hundred day moving average is $124.05.

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About Baidu

(Get Free Report)

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.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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