Analysts Set Baidu, Inc. (NASDAQ:BIDU) PT at $165.33

Shares of Baidu, Inc. (NASDAQ:BIDU) have earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $165.3333.

A number of equities analysts recently commented on BIDU shares. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of Baidu in a report on Tuesday, May 19th. Morgan Stanley upped their price target on Baidu from $135.00 to $140.00 in a research report on Tuesday, May 19th. Susquehanna raised their price objective on Baidu from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Wall Street Zen raised Baidu from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, JPMorgan Chase & Co. cut their price objective on Baidu from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, July 17th.

Baidu Trading Down 3.3%

Shares of Baidu stock opened at $105.94 on Friday. Baidu has a 1-year low of $84.82 and a 1-year high of $165.30. The company’s fifty day simple moving average is $112.59 and its 200-day simple moving average is $123.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $36.05 billion, a PE ratio of -882.76, a P/E/G ratio of 2.37 and a beta of 0.58.

Hedge Funds Weigh In On Baidu

Hedge funds have recently modified their holdings of the company. Signature Equity Partners LLC purchased a new position in shares of Baidu during the 1st quarter valued at $25,000. Binnacle Investments Inc purchased a new stake in Baidu in the 2nd quarter worth $29,000. Sankala Group LLC bought a new stake in Baidu during the fourth quarter valued at about $46,000. Brown Brothers Harriman & Co. raised its holdings in Baidu by 35.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 405 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 105 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Baidu by 25.9% in the fourth quarter. UMB Bank n.a. now owns 428 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 88 shares in 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.