Baidu Inc (NASDAQ:BIDU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Baidu Inc (NASDAQ:BIDU) have been assigned an average rating of “Hold” from the twenty-five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $144.73.

Several equities research analysts have recently commented on the stock. UBS Group reiterated a “hold” rating and set a $145.00 price target on shares of Baidu in a research report on Friday, July 5th. ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Daiwa Capital Markets set a $108.00 price target on shares of Baidu and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Morgan Stanley set a $125.00 price target on shares of Baidu and gave the stock a “hold” rating in a research report on Tuesday, August 20th.

Shares of NASDAQ:BIDU traded up $3.95 during trading on Thursday, hitting $103.85. 3,463,507 shares of the company’s stock were exchanged, compared to its average volume of 3,719,174. Baidu has a 1-year low of $93.39 and a 1-year high of $206.65. The firm has a 50-day moving average price of $104.60 and a two-hundred day moving average price of $125.41. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.32. The firm has a market cap of $35.45 billion, a P/E ratio of 13.31, a PEG ratio of 13.30 and a beta of 1.74.



A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Baidu by 0.9% during the second quarter. Vanguard Group Inc. now owns 10,111,996 shares of the information services provider’s stock valued at $1,186,744,000 after purchasing an additional 89,489 shares during the period. Invesco Ltd. grew its holdings in Baidu by 4.2% during the second quarter. Invesco Ltd. now owns 5,632,774 shares of the information services provider’s stock valued at $661,062,000 after purchasing an additional 228,312 shares during the period. Lazard Asset Management LLC grew its holdings in Baidu by 3.5% during the first quarter. Lazard Asset Management LLC now owns 3,191,574 shares of the information services provider’s stock valued at $526,130,000 after purchasing an additional 107,716 shares during the period. Comgest Global Investors S.A.S. grew its holdings in Baidu by 0.7% during the second quarter. Comgest Global Investors S.A.S. now owns 3,131,855 shares of the information services provider’s stock valued at $367,555,000 after purchasing an additional 22,500 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in Baidu by 1.6% during the first quarter. OppenheimerFunds Inc. now owns 3,116,579 shares of the information services provider’s stock valued at $513,768,000 after purchasing an additional 47,716 shares during the period. Hedge funds and other institutional investors own 56.74% of the company’s stock.

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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